3 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management

2. Westinghouse Air Brake Technologies Corporation (NYSE:WAB)

3G Sahana Capital Management’s Stake Value: $172,849,000 

Percentage of 3G Sahana Capital Management’s 13F Portfolio: 23.21%

Number of Hedge Fund Holders: 40

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) operates in the railroad industry and provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. The company has two business segments: Freight and Transit. On June 23, Morgan Stanley analyst Dillon Cumming slashed his price target on Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to $94 from $113 and downgraded the stock to Equal Weight from Overweight.

Over the past 3 months, 4 Wall Street analysts have rated Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The stock has received 1 Buy, 2 Hold, and 1 Sell. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has an average price target of roughly $93, which implies a 12.23% upside from its closing price of $82.57 on July 18. The stock has a maximum price target of $101 and a minimum target of $84.

At the close of Q1 2022, 40 hedge funds disclosed ownership of stakes in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The total value of these stakes amounted to $2.80 billion. This is compared to 38 positions in the previous quarter with stakes worth $3.02 billion.

As of March 31, 3G Sahana Capital Management owns more than 1.79 million shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) which amounts to a stake of $172.84 million. The investment covers 23.21% of Munir Javeri’s 13F portfolio.