Finally Time To Cut Your Stake? Wellington Shields Downgrades Wabtec (NYSE:WAB) Shares

May 17, 2018 - By Darrin Black

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.11, from 0.82 in 2017Q3. It is positive, as 28 investors sold Westinghouse Air Brake Technologies Corporation shares while 139 reduced holdings. 47 funds opened positions while 108 raised stakes. 102.49 million shares or 1.00% more from 101.47 million shares in 2017Q3 were reported.

9,297 are owned by Private Advisor Gp Ltd Liability Corp. 32,051 were accumulated by Conestoga Capital Advsrs Lc. Massachusetts-based Wellington Mngmt Gp Llp has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Ls Inv Advisors Ltd Liability Com has 7,463 shares. Fdx has invested 0.06% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Neville Rodie & Shaw stated it has 0.52% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 3,550 are owned by Tocqueville Asset Mgmt Lp. Sumitomo Mitsui Incorporated holds 0.03% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) or 250,625 shares. Train Babcock Advsrs Lc reported 1.25% stake. Dekabank Deutsche Girozentrale has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Security Bancorporation Of So Dak has invested 0.73% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Guggenheim Cap Llc accumulated 3,908 shares or 0% of the stock. Harvey Investment Lc invested 2.62% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). State Treasurer State Of Michigan holds 0.02% or 30,700 shares in its portfolio. Oppenheimer Asset Mgmt has invested 0.03% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

Wabtec (NYSE:WAB) Receives a Downgrade

In a research note sent to clients and investors on Wednesday, 16 May, professional analysts at Wellington Shields’s equities division decreased the rating for Wabtec (NYSE:WAB) shares from the previous “Gradually Accumulate” to a “Hold”.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Ratings Coverage

Among 8 analysts covering Westinghouse Air (NYSE:WAB), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Westinghouse Air has $106 highest and $68.0 lowest target. $94’s average target is -0.60% below currents $94.57 stock price. Westinghouse Air had 14 analyst reports since December 13, 2017 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, May 14. As per Wednesday, April 25, the company rating was maintained by Wells Fargo. Cowen & Co initiated Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, December 13 with “Buy” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, February 21 report. The company was maintained on Friday, February 9 by Stifel Nicolaus. Wolfe Research upgraded Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Friday, February 16 to “Buy” rating. Wells Fargo maintained the shares of WAB in report on Wednesday, February 21 with “Market Perform” rating. The company was upgraded on Monday, April 23 by Stifel Nicolaus. On Friday, February 2 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Tuesday, May 8 with “Buy” rating.

The stock increased 1.48% or $1.38 during the last trading session, reaching $94.57. About 689,561 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since May 17, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on July, 24. They expect $0.94 EPS, up 17.50 % or $0.14 from last year’s $0.8 per share. WAB’s profit will be $90.50 million for 25.15 P/E if the $0.94 EPS becomes a reality. After $0.92 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 2.17 % EPS growth.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology equipment and services for the freight rail and passenger transit vehicle industries worldwide. The company has market cap of $9.11 billion. It operates in two divisions, Freight and Transit. It has a 34.77 P/E ratio. The Freight segment makes and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; manufactures switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Streetinsider.com which released: “Wabtec (WAB) to Affirm 2018 Financial Guidance, Targets at Investor Day” on May 07, 2018, also Bizjournals.com with their article: “Wabtec adds new directors at annual meeting” published on May 15, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” on May 14, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Fool.com and their article: “Westinghouse Air Brake Technologies Corp Was Firing on All Cylinders in Q1” published on April 24, 2018 as well as Benzinga.com‘s news article titled: “Analyst: Wabtech A Buy On Potential GE Synergies” with publication date: April 23, 2018.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Institutional Positions Chart

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