November 28, 2016 - By Hazel Jackson · 0 Comments
Westinghouse Air Brake Technologies Corp (NYSE:WAB) institutional sentiment decreased to 0.83 in Q2 2016. Its down -0.28, from 1.11 in 2016Q1. The ratio dived, as 199 institutional investors increased and opened new equity positions, while 180 decreased and sold their holdings in Westinghouse Air Brake Technologies Corp. The institutional investors in our partner’s database now own: 91.13 million shares, up from 91.05 million shares in 2016Q1. Also, the number of institutional investors holding Westinghouse Air Brake Technologies Corp in their top 10 equity positions decreased from 9 to 6 for a decrease of 3. Sold All: 31 Reduced: 149 Increased: 140 New Position: 59.
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 $7.51 billion. The Firm primarily serves the freight rail and passenger transit industries. It has a 21.31 P/E ratio. The Firm provides its services and products through two principal business divisions: the Freight Segment and the Transit Segment.
About 427,402 shares traded hands. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 8.67% since April 25, 2016 and is uptrending. It has outperformed by 2.65% the S&P500.
Analysts await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to report earnings on February, 16. They expect $0.99 EPS, down 5.71% or $0.06 from last year’s $1.05 per share. WAB’s profit will be $87.77M for 21.42 P/E if the $0.99 EPS becomes a reality. After $0.94 actual EPS reported by Westinghouse Air Brake Technologies Corp for the previous quarter, Wall Street now forecasts 5.32% EPS growth.
According to Zacks Investment Research, “Wabtec Corporation is one of North America’s largest providers of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower and provides aftermarket services, including locomotive and freight car fleet maintenance. (PRESS RELEASE)”
Cryder Capital Partners Llp holds 12.35% of its portfolio in Westinghouse Air Brake Technologies Corp for 219,165 shares. Mycio Wealth Partners Llc owns 745,250 shares or 8.97% of their US portfolio. Moreover, Springbank Value Partners Lp has 6.79% invested in the company for 57,300 shares. The New York-based Value Holdings Lp has invested 6.75% in the stock. Capital Counsel Llc Ny, a New York-based fund reported 845,412 shares.#img1#
Ratings analysis reveals 67% of Wabtec’s analysts are positive. Out of 6 Wall Street analysts rating Wabtec, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $73 while the high is $91. The stock’s average target of $85.50 is 0.81% above today’s ($84.81) share price. WAB was included in 7 notes of analysts from December 21, 2015. Wolfe Research maintained Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, October 26 with “Outperform” rating. Longbow downgraded Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday, October 26 to “Neutral” rating. The company was initiated on Friday, September 30 by CLSA. The firm earned “Buy” rating on Wednesday, September 7 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, February 4 by Goldman Sachs. On Monday, December 21 the stock rating was upgraded by Stifel Nicolaus to “Buy”.
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, Nasdaq.com published: “Westinghouse Air Brake Technologies Corporation (WAB) Ex-Dividend Date …” on November 08, 2016. More interesting news about Westinghouse Air Brake Technologies Corp (NYSE:WAB) were released by: Fool.com and their article: “What to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings” published on April 22, 2016 as well as Fool.com‘s news article titled: “Challenging Conditions Cause Westinghouse Air Brake Technologies Corp’s Sales …” with publication date: April 26, 2016.
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By Hazel Jackson