Lee Thomas H Partners LP Lowered First Bancorp. (FBP) Position by $50.00 Million as Stock Price Declined; Harvey Investment Co Has Raised Wabtec (WAB) Holding by $916,500

Lee Thomas H Partners Lp decreased its stake in First Bancorp. (FBP) by 49.93% based on its latest 2017Q3 regulatory filing with the SEC. Lee Thomas H Partners Lp sold 10.00M shares as the company’s stock declined 17.25% while stock markets rallied. The institutional investor held 10.03M shares of the major banks company at the end of 2017Q3, valued at $51.35M, down from 20.03M at the end of the previous reported quarter. Lee Thomas H Partners Lp who had been investing in First Bancorp. for a number of months, seems to be less bullish one the $1.30B market cap company. The stock decreased 0.66% or $0.04 during the last trading session, reaching $6.03. About 1.51 million shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since March 1, 2017 and is uptrending. It has outperformed by 16.14% the S&P500.

Harvey Investment Co Llc increased its stake in Wabtec Corporation (WAB) by 7.38% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Investment Co Llc bought 12,220 shares as the company’s stock declined 6.73% while stock markets rallied. The institutional investor held 177,710 shares of the railroads company at the end of 2017Q3, valued at $13.46M, up from 165,490 at the end of the previous reported quarter. Harvey Investment Co Llc who had been investing in Wabtec Corporation for a number of months, seems to be bullish on the $7.81B market cap company. The stock decreased 0.88% or $0.72 during the last trading session, reaching $81.34. About 922,588 shares traded or 17.41% up from the average. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.39% since March 1, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Harvey Investment Co Llc, which manages about $445.75M and $506.77M US Long portfolio, decreased its stake in Idexx Laboratories Inc (NASDAQ:IDXX) by 3,475 shares to 104,981 shares, valued at $16.32M in 2017Q3, according to the filing. It also reduced its holding in Bard C R Inc Com (NYSE:BCR) by 1,063 shares in the quarter, leaving it with 16,612 shares, and cut its stake in Kimberly Clark Corporation (NYSE:KMB).

Among 16 analysts covering Wabtec (NYSE:WAB), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Wabtec had 33 analyst reports since December 21, 2015 according to SRatingsIntel. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Friday, February 2 by Stifel Nicolaus. The rating was maintained by Deutsche Bank on Monday, August 14 with “Hold”. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with “Buy”. The firm has “Buy” rating given on Wednesday, October 25 by Buckingham Research. The firm earned “Overweight” rating on Wednesday, April 26 by KeyBanc Capital Markets. The rating was initiated by CLSA on Friday, September 30 with “Buy”. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, December 21 report. The stock has “Outperform” rating by Wolfe Research on Wednesday, October 26. Berenberg initiated Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Thursday, September 7 with “Hold” rating. The firm earned “Overweight” rating on Wednesday, April 26 by KeyCorp.

Since October 30, 2017, it had 0 insider purchases, and 1 sale for $145,884 activity.

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.39, from 1.21 in 2017Q2. It dived, as 48 investors sold WAB shares while 133 reduced holdings. 35 funds opened positions while 113 raised stakes. 101.47 million shares or 2.77% more from 98.74 million shares in 2017Q2 were reported. Barbara Oil stated it has 0.45% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Dimensional Fund Advisors Lp invested 0.02% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Plante Moran Fincl Advsrs Limited Liability Company stated it has 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Balyasny Asset Mgmt Ltd Company stated it has 8,455 shares or 0% of all its holdings. Principal Fincl Group stated it has 0.03% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Williams Jones & Assoc Limited Liability Corporation has invested 1.11% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Whittier Trust reported 470 shares stake. Lord Abbett Communications Ltd accumulated 756,773 shares. Sumitomo Mitsui Asset Mgmt has invested 0.01% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 373 are held by First Personal. Oregon Pub Employees Retirement Fund accumulated 31,739 shares. Victory Capital Mngmt Incorporated has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Missouri-based Century Cos Incorporated has invested 0.16% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Goldman Sachs Gp Inc owns 1.58M shares. Amalgamated National Bank holds 0.04% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 16,581 shares.

Analysts await First Bancorp (NYSE:FBP) to report earnings on April, 24. They expect $0.08 EPS, down 27.27% or $0.03 from last year’s $0.11 per share. FBP’s profit will be $17.30M for 18.84 P/E if the $0.08 EPS becomes a reality. After $0.13 actual EPS reported by First Bancorp for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

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