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

May 17, 2018 - By Stephen Andrade

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 increased, 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.

12,480 are held by Commonwealth Of Pennsylvania Public School Empls Retrmt Sys. Diversified Trust has invested 0.09% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Amalgamated Bancorporation reported 17,537 shares. Sumitomo Mitsui Tru Inc holds 0.03% or 250,625 shares in its portfolio. Jones Cos Lllp accumulated 0% or 2,962 shares. Provident Mngmt holds 4.08% or 314,046 shares. 10,000 were reported by Trellus Ltd Liability Corporation. Arcadia Invest Management Mi owns 108 shares or 0% of their US portfolio. Amer Century has 0.15% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 2,536 are owned by Atria Invests Lc. Alliancebernstein L P accumulated 53,272 shares. Fmr Limited Liability Company holds 2.49M shares or 0.02% of its portfolio. Stone Run Cap Lc accumulated 71,325 shares. Sequoia Fincl Advsrs Lc stated it has 10,453 shares or 0.09% of all its holdings. Advantus Capital Mgmt Incorporated accumulated 10,523 shares.

Wabtec (NYSE:WAB) Receives a Downgrade

The Rating of Wabtec (NYSE:WAB) shares have been lowered by Wellington Shields from a Gradually Accumulate rating to a Hold rating in a research note sent to clients and investors on 16 May.

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 firm has “Hold” rating given on Wednesday, February 21 by Stifel Nicolaus. On Wednesday, April 25 the stock rating was maintained by Seaport Global with “Buy”. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Buy” rating given on Tuesday, May 8 by Stifel Nicolaus. The firm has “Buy” rating by Wells Fargo given on Wednesday, April 25. On Friday, February 16 the stock rating was upgraded by Wolfe Research to “Buy”. The firm earned “Buy” rating on Wednesday, December 13 by Cowen & Co. The rating was maintained by Stifel Nicolaus on Friday, February 9 with “Hold”. Wells Fargo maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, February 21 with “Market Perform” rating. The firm earned “Hold” rating on Friday, February 2 by Stifel Nicolaus. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus.

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 earnings per share, up 17.50 % or $0.14 from last year’s $0.8 per share. WAB’s profit will be $90.50M for 25.15 P/E if the $0.94 EPS becomes a reality. After $0.92 actual earnings per share 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” on May 14, 2018, also Bizjournals.com with their article: “Wabtec adds new directors at annual meeting” published on May 15, 2018, Benzinga.com published: “Analyst: Wabtech A Buy On Potential GE Synergies” on April 23, 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 Streetinsider.com‘s news article titled: “Wabtec (WAB) to Affirm 2018 Financial Guidance, Targets at Investor Day” with publication date: May 07, 2018.

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

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