Wabtec Corp (NYSE:WAB).
Provident Investment Management, Inc. sold 5,690 shares during the last quarter decreasing its exposure to Wabtec Corp by 1.8%. Its investment was valued at $23,066,000 a decrease of $5,316,000 as of quarter end.
Here are some institutional investors who have increased or decreased their stake in (WAB). As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold 142 shares trimming its position 1.1%. The value in dollars decreased from $1,153,000 to $944,000 a change of 18.1% quarter to quarter. As of quarter end Raymond James & Associates had acquired a total of 841 shares growing its stake by 2.6%. The value of the company’s investment in Wabtec Corp went from $2,967,000 to $2,520,000 a change of $447,000 since the last quarter.
As of quarter end Eagle Boston Investment Management Inc had disposed of a total of 90 shares trimming its holdings by 0.1%. The value of the investment in (WAB) went from $9,354,000 to $7,804,000 decreasing 16.6% for the reporting period.
On October 25, 2017 FBR & Co released research on WAB stating a rating of “Hold” and a price target of $85.00. October 25 investment analysts at Stifel Nicolaus made no change to the company rating of “Hold” with a current price target of $75.00.
Equity analyst Buckingham Research lowered the price target on October 25 changing the price objective from $100.00 to $97.00 with a rating of “Buy”. On September 17 KeyCorp maintained a stock rating of “Buy” targeting a price of $100.00.
On September 12 Stifel Nicolaus made no change to the stock rating of “Hold” projecting a price of $74.00. On September 7 analysts at Berenberg Bank updated coverage of WAB with a rating of “Hold”.
The company is so far trading down by 0.63% percent from yesterday’s close. The company’s P/E ratio is 27.73 and the market cap of the company is 7.01B. As of the latest earnings report the EPS was $2.63 with 96.00M shares currently outstanding.
Investors are feeling more bullish on the company at least if you consider the fall in short interest. The stock saw a fall in short interest of -11.45% between September 29, 2017 and October 13, 2017. Short interest fell 1,777,512 over that timeframe. The days to cover decreased to 23.0 and the percentage of shorted shares was 0.14% on October 13.