Westinghouse Air Brake Technologies Corp (NYSE:WAB) Shifting Institutional Investors Sentiment

January 14, 2018 - By Clifton Ray

 Westinghouse Air Brake Technologies Corp (NYSE:WAB) Shifting Institutional Investors Sentiment

Sentiment for Westinghouse Air Brake Technologies Corp (NYSE:WAB)

Westinghouse Air Brake Technologies Corp (NYSE:WAB) institutional sentiment decreased to 0.82 in Q3 2017. Its down -0.39, from 1.21 in 2017Q2. The ratio has worsened, as 148 institutional investors increased and started new stock positions, while 181 reduced and sold their holdings in Westinghouse Air Brake Technologies Corp. The institutional investors in our partner’s database now possess: 101.47 million shares, up from 98.74 million shares in 2017Q2. Also, the number of institutional investors holding Westinghouse Air Brake Technologies Corp in their top 10 stock positions decreased from 10 to 8 for a decrease of 2. Sold All: 48 Reduced: 133 Increased: 113 New Position: 35.

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 $8.18 billion. It operates in two divisions, Freight and Transit. It has a 32.15 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.

The stock increased 1.40% or $1.18 during the last trading session, reaching $85.2. About 421,126 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.39% since January 14, 2017 and is uptrending. It has underperformed by 9.31% the S&P500.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on February, 20. They expect $0.95 EPS, up 17.28 % or $0.14 from last year’s $0.81 per share. WAB’s profit will be $91.20 million for 22.42 P/E if the $0.95 EPS becomes a reality. After $0.88 actual EPS reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 7.95 % EPS growth.

Altarock Partners Llc holds 7.6% of its portfolio in Westinghouse Air Brake Technologies Corporation for 686,426 shares. Park Presidio Capital Llc owns 540,000 shares or 6.65% of their US portfolio. Moreover, Mycio Wealth Partners Llc has 6.34% invested in the company for 739,289 shares. The New York-based Capital Counsel Llc Ny has invested 5.88% in the stock. Edgepoint Investment Group Inc., a Ontario – Canada-based fund reported 5.17 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 1 insider sale for $145,884 activity.

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

Ratings analysis reveals 60% of Wabtec’s analysts are positive. Out of 15 Wall Street analysts rating Wabtec, 9 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $73 while the high is $10400. The stock’s average target of $89.25 is 4.75% above today’s ($85.2) share price. WAB was included in 27 notes of analysts from December 21, 2015. The firm has “Gradually Accumulate” rating given on Friday, April 7 by Wellington Shields. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Buy” rating given on Wednesday, December 13 by Cowen & Co. On Wednesday, October 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Neutral” rating by Goldman Sachs on Thursday, February 4. The stock has “Neutral” rating by Longbow on Wednesday, October 26. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Monday, July 17 by Stifel Nicolaus. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Hold” rating by Berenberg on Thursday, September 7. The stock has “Hold” rating by Deutsche Bank on Monday, August 14. On Friday, September 15 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. As per Friday, September 30, the company rating was initiated by CLSA.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Fool.com which released: “Westinghouse Air Brake Technologies Corp.’s Latest Acquisition Keeps Driving …” on October 24, 2017, also Fool.com with their article: “Westinghouse Air Brake Technologies Corp Rides Its Latest Acquisition to …” published on July 25, 2017, Fool.com published: “Acquisitions Drive Westinghouse Air Brake Technologies Corp’s Revenue Higher” on April 25, 2017. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Nasdaq.com and their article: “Westinghouse Air Brake Technologies Corporation (WAB) Ex-Dividend Date …” published on November 09, 2017 as well as Seekingalpha.com‘s news article titled: “Wabtec Air Brake Technologies Corporation’s (WAB) CEO Ray Betler on Q3 2017 …” with publication date: October 24, 2017.

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