Sentiment for Westinghouse Air Brake Technologies Corp (NYSE:WAB)
Westinghouse Air Brake Technologies Corp (NYSE:WAB) institutional sentiment decreased to 1.2 in Q3 2015. Its down -0.09, from 1.29 in 2015Q2. The ratio turned negative, as 220 institutional investors increased and opened new stock positions, while 184 sold and trimmed stock positions in Westinghouse Air Brake Technologies Corp. The institutional investors in our partner’s database reported: 83.19 million shares, down from 87.29 million shares in 2015Q2. Also, the number of institutional investors holding Westinghouse Air Brake Technologies Corp in their top 10 stock positions increased from 18 to 19 for an increase of 1. Sold All: 38 Reduced: 146 Increased: 177 New Position: 43.
Westinghouse Air Brake Technologies Corporation is a well-known provider of technology services and products to freight rail and passenger transit industries. The company has a market cap of $6.83 billion. The Company’s products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. It has 16.4 P/E ratio. The Firm operates through two business divisions: the Freight Segment and the Transit Segment.
The stock closed at $65.5 during the last session. It is down 29.39% since July 8, 2015 and is downtrending. It has underperformed by 19.87% the S&P500.
Analysts await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to reports earnings on February, 18 before the open. They expect $1.05 EPS, up 10.53% or $0.10 from last year’s $0.95 per share. WAB’s profit will be $109.49M for 15.60 P/E if the $1.05 EPS becomes reality. After $1.02 actual EPS reported by Westinghouse Air Brake Technologies Corp for the previous quarter, Wall Street now forecasts 2.94% 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)”
Mycio Wealth Partners Llc holds 13.43% of its portfolio in Westinghouse Air Brake Technologies Corp for 745,000 shares. Cryder Capital Partners Llp owns 179,056 shares or 10.19% of their US portfolio. Moreover, Springbank Value Partners Lp has 9.85% invested in the company for 58,300 shares. The New York-based Value Holdings Lp has invested 9.79% in the stock. Capital Counsel Llc Ny, a New York-based fund reported 1.58 million shares.#img1#
Since April 29, 2015, the stock had 0 insider purchases, and 4 sales for $3.01 million net activity. Dugan Patrick D sold 13,530 shares worth $1.31M. Betler Raymond T sold 4,200 shares worth $394,296. Kovac Charles F sold 11,500 shares worth $1.16M. Hehir Brian sold 1,500 shares worth $151,335. The insider Howell Michael W D sold 10,000 shares worth $1.02M.
Ratings analysis reveals 71% of Wabtec’s analysts are positive. Out of 11 Wall Street analysts rating Wabtec, 10 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. WAB was included in 2 notes of analysts from December 21, 2015. Goldman Sachs downgraded the shares of Wabtec in a note on February 4 to “Neutral” rating.