Should Investors Be Selling Wabtec (WAB) Stock Following Today’s Wellington Shields Downgrade?

May 17, 2018 - By Adrian Erickson

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.11, from 0.82 in 2017Q3. It improved, 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.

Oppenheimer And has invested 0.16% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Pub Employees Retirement Association Of Colorado reported 0.12% stake. Cornerstone Advsr owns 326 shares. Wellington Mngmt Gp Ltd Liability Partnership has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Ubs Asset Mngmt Americas holds 0.15% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 2.21 million shares. Sandler Mngmt has invested 0.52% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Northern Trust reported 886,768 shares. Fred Alger Mngmt Incorporated invested in 0% or 336 shares. Mountain Pacific Investment Advisers Id reported 229,315 shares. Mutual Of America Ltd has invested 0.09% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Price T Rowe Associate Md has invested 0.06% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Guggenheim Capital Ltd Company accumulated 3,908 shares. Smithfield holds 0.01% or 755 shares in its portfolio. Moreover, Warren Averett Asset Management Limited Liability Co has 0.01% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 510 shares. Arrowmark Colorado Ltd Com reported 1.06 million shares stake.

Wabtec (WAB) Receives a Downgrade

Shares of EU-listed Wabtec (WAB) Have been downgraded by equity research analysts at Wellington Shields. Wellington Shields decreased their rating for the $9.11 billion market cap company to a “Hold” from their previous “Gradually Accumulate” 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 (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 $90.50M 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: 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, Fool.com published: “Westinghouse Air Brake Technologies Corp Was Firing on All Cylinders in Q1” on April 24, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Streetinsider.com and their article: “Wabtec (WAB) to Affirm 2018 Financial Guidance, Targets at Investor Day” published on May 07, 2018 as well as Benzinga.com‘s news article titled: “Analyst: Wabtec 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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