Westinghouse Air Brake Technologies Corporation CO (NYSE:WAB) Sellers Covered 16.44% of Their Shorts

June 14, 2018 - By Duane Lopez

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.10, from 0.93 in 2017Q4. It worsened, as 41 investors sold Westinghouse Air Brake Technologies Corporation shares while 131 reduced holdings. 37 funds opened positions while 106 raised stakes. 100.39 million shares or 2.05% less from 102.49 million shares in 2017Q4 were reported.
Us Bancshares De holds 0% or 7,334 shares in its portfolio. Rocky Mountain Advisers has invested 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Farmers And Merchants Invests holds 76 shares or 0% of its portfolio. Profund Advsrs Ltd Liability Corporation has invested 0.03% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Baillie Gifford & Co reported 4.69M shares. 8,770 were reported by Bnp Paribas Arbitrage. Farallon Management Ltd holds 4.75M shares or 2.68% of its portfolio. Kbc Grp Nv reported 5,870 shares. Bank Of Mellon Corp holds 1.02 million shares. Morgan Stanley invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Bnp Paribas Asset Mngmt Hldgs Sa has 4,196 shares. Kingfisher Cap Limited Co reported 13,511 shares or 0.7% of all its holdings. State Of Alaska Department Of Revenue, a Alaska-based fund reported 7,100 shares. New York-based M&T State Bank Corp has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Aristotle Cap Boston Ltd Co has 0.49% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

Since May 23, 2018, it had 0 insider purchases, and 7 sales for $14.53 million activity. Shares for $5.38M were sold by KASSLING WILLIAM E on Thursday, May 31. 3,500 shares were sold by BROOKS ROBERT J, worth $341,600. FERNANDEZ EMILIO sold $976,950 worth of stock. 2,952 shares were sold by Hehir Brian, worth $284,437 on Wednesday, May 23. WAHLSTROM SCOTT sold $877,190 worth of stock or 9,000 shares. NEUPAVER ALBERT J sold $6.29M worth of stock or 65,000 shares.

The stock of Westinghouse Air Brake Technologies Corporation CO (NYSE:WAB) registered a decrease of 16.44% in short interest. WAB’s total short interest was 11.14M shares in June as published by FINRA. Its down 16.44% from 13.33 million shares, reported previously. With 1.11M shares average volume, it will take short sellers 10 days to cover their WAB’s short positions. The short interest to Westinghouse Air Brake Technologies Corporation CO’s float is 14.04%.

The stock increased 0.97% or $0.98 during the last trading session, reaching $102.01. About 500,250 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 18.00% since June 14, 2017 and is uptrending. It has outperformed by 5.43% the S&P500.

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 $9.82 billion. It operates in two divisions, Freight and Transit. It has a 37.5 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.

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

Among 8 analysts covering Westinghouse Air Brake (NYSE:WAB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Westinghouse Air Brake had 14 analyst reports since January 4, 2018 according to SRatingsIntel. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Buy” rating by Seaport Global on Wednesday, April 25. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Friday, February 9 by Stifel Nicolaus. As per Monday, April 23, the company rating was upgraded by Stifel Nicolaus. As per Friday, February 2, the company rating was maintained by Stifel Nicolaus. Wells Fargo maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) rating on Wednesday, April 25. Wells Fargo has “Buy” rating and $10000 target. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Hold” rating by Wellington Shields on Wednesday, May 16. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, May 8 report. Wolfe Research upgraded the shares of WAB in report on Friday, February 16 to “Buy” rating. Wells Fargo maintained Westinghouse Air Brake Technologies Corporation (NYSE:WAB) rating on Wednesday, February 21. Wells Fargo has “Market Perform” rating and $90 target. The stock has “Buy” rating by Deutsche Bank on Monday, May 14.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Seekingalpha.com which released: “Wabtec and GE Transportation to merge” on May 21, 2018, also Bizjournals.com with their article: “Wabtec announces new financing as it readies for merger with GE Transportation” published on June 13, 2018, Bizjournals.com published: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” on May 21, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Globenewswire.com and their article: “Wabtec Announces New Financing Arrangements” published on June 13, 2018 as well as Fool.com‘s news article titled: “The General Electric and Wabtec Merger: What It Means to Investors” with publication date: May 25, 2018.

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

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