Short Interest Worth Watching: What’s Ahead for Wabtec Incorporated (NYSE:WAB) After More Shorted Shares?

November 21, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Watching: What’s Ahead for Wabtec Incorporated (NYSE:WAB) After More Shorted Shares?

The stock of Wabtec Incorporated (NYSE:WAB) registered an increase of 4.32% in short interest. WAB’s total short interest was 14.27 million shares in November as published by FINRA. Its up 4.32% from 13.68M shares, reported previously. With 771,800 shares average volume, it will take short sellers 19 days to cover their WAB’s short positions. The short interest to Wabtec Incorporated’s float is 16.68%. The stock closed at $85.63 during the last session. It is down 5.02% since April 19, 2016 and is uptrending. It has outperformed by 1.16% the S&P500.

Westinghouse Air Brake Technologies Corporation , doing business as Wabtec Corporation, is a well-known provider of technology equipment and services for the global rail industry. The company has a market cap of $7.58 billion. The Firm primarily serves the freight rail and passenger transit industries. It has a 21.52 P/E ratio. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment.

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.28, from 1.11 in 2016Q1. The ratio worsened, as 31 funds sold all Westinghouse Air Brake Technologies Corp shares owned while 149 reduced positions. 59 funds bought stakes while 140 increased positions. They now own 91.13 million shares or 0.09% more from 91.05 million shares in 2016Q1.
Vanguard Gp last reported 6.47 million shares in the company. Parametrica Mgmt Limited accumulated 0.45% or 4,313 shares. Reilly Financial Advsrs Ltd Liability accumulated 600 shares or 0.01% of the stock. First Tru Advisors L P has 0.01% invested in the company for 29,281 shares. Amalgamated Bank holds 0.06% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 15,113 shares. Tiaa Cref Inv Mgmt Lc has 0.02% invested in the company for 301,053 shares. Blackrock Fund Advsr owns 3.14M shares or 0.05% of their US portfolio. Df Dent & Com holds 0.86% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 435,135 shares. Trillium Asset Management Ltd Company reported 222,495 shares or 1.03% of all its holdings. Cap Investment Svcs Of America Inc accumulated 84,605 shares or 1.13% of the stock. Fund Mngmt holds 0.07% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 99,126 shares. Wellington Mngmt Group Limited Liability Partnership accumulated 0% or 5,436 shares. The Oklahoma-based Bokf Na has invested 0.01% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Tudor Et Al has 31,309 shares for 0.05% of their US portfolio. West Coast Lc owns 73,988 shares or 1.88% of their US portfolio.

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

Out of 6 analysts covering Wabtec (NYSE:WAB), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Wabtec has been the topic of 7 analyst reports since December 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, February 4 by Goldman Sachs. Deutsche Bank initiated Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, September 7 with “Buy” rating. The stock has “Neutral” rating given by Longbow on Wednesday, October 26. Wolfe Research maintained Westinghouse Air Brake Technologies Corp (NYSE:WAB) rating on Wednesday, October 26. Wolfe Research has “Outperform” rating and $91 price target. The firm earned “Buy” rating on Monday, December 21 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, September 30 by CLSA.

WAB Company Profile

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, incorporated on October 19, 1989, is a well-known provider of technology equipment and services for the global rail industry. The Firm primarily serves the freight rail and passenger transit industries. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment. The Company’s product lines in both aftermarket and original equipment, including specialty products and electronics, brake products, remanufacturing, overhaul and build, and transit products. The Company’s specialty products and electronics product line includes positive train control equipment and electronically controlled pneumatic braking products; railway electronics, including event recorders, monitoring equipment and end of train devices; signal design and engineering services; freight car truck components; draft gears, couplers and slack adjusters; air compressors and dryers; heat exchangers and cooling products for locomotives and power generation equipment, and track and switch products. The Company’s brake products include railway braking equipment and related components for freight and transit applications; friction products, including brake shoes and pads. The Company’s remanufacturing, overhaul and build product line includes commuter and switcher locomotives, and transit car, and locomotive overhaul and refurbishment. The Company’s transit products include door and window assemblies for buses and subway cars; accessibility lifts and ramps for buses and subway cars, and traction motors. The Company’s clients include railroads and passenger transit authorities throughout North America, as well as in the United Kingdom, Australia, Europe, Asia, South Africa and South America.

More notable recent Westinghouse Air Brake Technologies Corp (NYSE:WAB) news were published by: Fool.com which released: “Sluggish Conditions Continue to Derail Westinghouse Air Brake Technologies …” on October 25, 2016, also Fool.com with their article: “Global Economic Headwinds Derail Westinghouse Air Brake Technologies Corp.’s …” published on July 25, 2016, Fool.com published: “What to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings” on April 22, 2016. More interesting news about Westinghouse Air Brake Technologies Corp (NYSE:WAB) were released by: Fool.com and their article: “Challenging Conditions Cause Westinghouse Air Brake Technologies Corp’s Sales …” published on April 26, 2016 as well as Fool.com‘s news article titled: “Westinghouse Air Brake Technologies Corp Hits the Brakes on Costs” with publication date: February 18, 2016.

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By Clifton Ray


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