What Next for Westinghouse Air Brake Technologies Corporation (WAB) Stock After Making 52-Week High?

July 16, 2018 - By Palma Niemeyer

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 dived, 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.
Stifel Fincl, a Missouri-based fund reported 74,945 shares. United Fincl Advisers Ltd reported 0.07% stake. Plante Moran Fincl Lc has 0% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Regions holds 0.01% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 6,882 shares. 14,082 are owned by Eaton Vance Mngmt. State Street Corporation reported 0.02% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). California Employees Retirement stated it has 0.02% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Altarock Prtnrs Ltd Liability owns 666,426 shares or 6.21% of their US portfolio. Bahl & Gaynor holds 27,351 shares or 0.02% of its portfolio. Rocky Mountain Advisers Ltd Company stated it has 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 69,870 were accumulated by Apg Asset Management Nv. Scotia Capital invested 0.02% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). 25,994 were accumulated by Dekabank Deutsche Girozentrale. Kbc Grp Incorporated Nv, Belgium-based fund reported 5,870 shares. Appleton Ptnrs Ma stated it has 0.47% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

Since May 23, 2018, it had 0 insider buys, and 7 sales for $14.53 million activity. KASSLING WILLIAM E had sold 55,000 shares worth $5.38 million. WAHLSTROM SCOTT also sold $877,190 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Friday, May 25. Another trade for 65,000 shares valued at $6.29M was made by NEUPAVER ALBERT J on Tuesday, May 29. BROOKS ROBERT J also sold $341,600 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) shares. FERNANDEZ EMILIO sold $976,950 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, May 30. $387,600 worth of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was sold by FOSTER LEE B II.

The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) hit a new 52-week high and has $112.34 target or 9.00 % above today’s $103.06 share price. The 8 months bullish chart indicates low risk for the $9.92B company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $112.34 price target is reached, the company will be worth $893.16 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.97% or $1.01 during the last trading session, reaching $103.06. About 197,840 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 18.00% since July 16, 2017 and is uptrending. It has outperformed by 5.43% the S&P500.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on July, 24. They expect $0.94 earnings per share, up 17.50 % or $0.14 from last year’s $0.8 per share. WAB’s profit will be $90.52 million for 27.41 P/E if the $0.94 EPS becomes a reality. After $0.92 actual earnings per share reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts 2.17 % EPS growth.

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

Among 9 analysts covering Westinghouse Air (NYSE:WAB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Westinghouse Air had 14 analyst reports since February 2, 2018 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, February 2. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Buy” rating by Stifel Nicolaus on Monday, April 23. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, May 8 report. The firm has “Market Perform” rating given on Wednesday, February 21 by Wells Fargo. The firm has “Buy” rating given on Tuesday, May 8 by Stifel Nicolaus. Deutsche Bank upgraded Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Monday, May 14 to “Buy” rating. On Friday, February 9 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has “Hold” rating given on Wednesday, February 21 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, April 25 by Seaport Global. Wolfe Research upgraded Westinghouse Air Brake Technologies Corporation (NYSE:WAB) rating on Friday, February 16. Wolfe Research has “Buy” rating and $88.0 target.

More recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Globenewswire.com which released: “Wabtec Declares Regular Quarterly Dividend, Announces Earnings Release Date” on July 11, 2018. Also Seekingalpha.com published the news titled: “General Electric: $25 Billion Debt Reduction Has Little Substance” on July 16, 2018. Seekingalpha.com‘s news article titled: “Wabtec’s GE Deal Payoff: Greater Than Market Expectation” with publication date: June 25, 2018 was also an interesting one.

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 $9.92 billion. It operates in two divisions, Freight and Transit. It has a 35.9 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) Institutional Positions Chart

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