Provident Investment Management Has Raised Holding in Wabtec (WAB) by $773,307; Firstenergy (FE) Shareholder Goldentree Asset Management LP Has Cut Stake as Market Value Rose

April 18, 2018 - By Vivian Park

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Provident Investment Management Inc increased its stake in Wabtec Corp (WAB) by 3.14% based on its latest 2017Q4 regulatory filing with the SEC. Provident Investment Management Inc bought 9,547 shares as the company’s stock rose 1.36% while stock markets declined. The institutional investor held 314,046 shares of the railroads company at the end of 2017Q4, valued at $25.57M, up from 304,499 at the end of the previous reported quarter. Provident Investment Management Inc who had been investing in Wabtec Corp for a number of months, seems to be bullish on the $8.03 billion market cap company. The stock increased 0.94% or $0.78 during the last trading session, reaching $83.5. About 333,118 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since April 18, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Steven Tananbaum decreased its stake in Firstenergy Corp (FE) by 26.16% based on its latest 2017Q4 regulatory filing with the SEC. Goldentree Asset Management Lp sold 169,030 shares as the company’s stock rose 13.29% while stock markets declined. The hedge fund run by Steven Tananbaum held 477,107 shares of the central company at the end of 2017Q4, valued at $14.61M, down from 646,137 at the end of the previous reported quarter. Goldentree Asset Management Lp who had been investing in Firstenergy Corp for a number of months, seems to be less bullish one the $16.75B market cap company. The stock increased 0.20% or $0.07 during the last trading session, reaching $35.13. About 2.35 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since April 18, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 18 by UBS. The firm has “Neutral” rating by Citigroup given on Tuesday, October 18. The company was downgraded on Wednesday, October 19 by Tudor Pickering. Guggenheim maintained FirstEnergy Corp. (NYSE:FE) rating on Tuesday, January 2. Guggenheim has “Buy” rating and $47.0 target. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Overweight”. The firm earned “Neutral” rating on Tuesday, January 30 by Citigroup. The firm has “Neutral” rating given on Tuesday, January 17 by Goldman Sachs. The stock of FirstEnergy Corp. (NYSE:FE) earned “Buy” rating by TheStreet on Wednesday, September 2. RBC Capital Markets maintained the shares of FE in report on Friday, November 6 with “Sector Perform” rating. The stock of FirstEnergy Corp. (NYSE:FE) has “Overweight” rating given on Wednesday, December 2 by Barclays Capital.

Goldentree Asset Management Lp, which manages about $22.00B and $921.42 million US Long portfolio, upped its stake in Kadmon Hldgs Inc by 1.40 million shares to 1.61M shares, valued at $5.83M in 2017Q4, according to the filing.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.05, from 1.13 in 2017Q3. It is positive, as 34 investors sold FE shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. Mason Street Ltd reported 61,965 shares. Ameritas Invest Ptnrs owns 9,630 shares. Nwq Mngmt Ltd stated it has 2.54M shares. Mutual Of America Capital Mngmt Ltd Liability Company invested in 83,867 shares. Virtus Investment Advisers reported 5,398 shares. Daiwa Securities Incorporated, Japan-based fund reported 13,229 shares. Flippin Bruce And Porter invested in 1.57% or 241,224 shares. Retirement Of Alabama holds 319,650 shares or 0.05% of its portfolio. Caisse De Depot Et Placement Du Quebec reported 0.03% of its portfolio in FirstEnergy Corp. (NYSE:FE). 1,819 are held by Mondrian Prns Ltd. Zurcher Kantonalbank (Zurich Cantonalbank) owns 155,205 shares for 0.04% of their portfolio. Chemical Comml Bank invested in 10,686 shares. Fny Managed Accounts Ltd Liability Company has 165 shares. 11,348 are held by Cleararc Inc. Franklin Inc reported 0.08% in FirstEnergy Corp. (NYSE:FE).

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on April, 20 after the close. They expect $0.70 earnings per share, down 10.26% or $0.08 from last year’s $0.78 per share. FE’s profit will be $333.78M for 12.55 P/E if the $0.70 EPS becomes a reality. After $0.71 actual earnings per share reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts -1.41% negative EPS growth.

Among 16 analysts covering Wabtec (NYSE:WAB), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Wabtec had 33 analyst reports since December 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Longbow given on Wednesday, October 26. KeyBanc Capital Markets maintained the shares of WAB in report on Friday, September 15 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, October 24. The rating was upgraded by Wolfe Research on Friday, February 16 to “Buy”. KeyBanc Capital Markets upgraded the shares of WAB in report on Wednesday, April 26 to “Overweight” rating. Cowen & Co initiated the shares of WAB in report on Wednesday, December 13 with “Buy” rating. The firm has “Hold” rating given on Friday, February 2 by Stifel Nicolaus. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, July 26. The stock has “Hold” rating by Edward Jones on Wednesday, July 26. The firm has “Outperform” rating by Wolfe Research given on Wednesday, October 26.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.11, from 0.82 in 2017Q3. It increased, as 28 investors sold WAB 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. British Columbia Investment Mngmt owns 29,724 shares. Raymond James Fincl Ser Advsr stated it has 10,470 shares or 0.01% of all its holdings. Gulf Intll Bancshares (Uk) holds 29,931 shares or 0.03% of its portfolio. Balyasny Asset Limited Company holds 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 8,645 shares. State Street Corporation has 2.82 million shares for 0.02% of their portfolio. 706,020 are owned by Geode Capital Limited. Williams Jones And Lc owns 559,870 shares or 1.04% of their US portfolio. Security Savings Bank Of So Dak has invested 0.73% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Daiwa owns 31,302 shares or 0.02% of their US portfolio. Moreover, Clean Yield Gp has 0.36% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 11,053 shares. Toronto Dominion State Bank invested in 5,091 shares. Prudential Fin has 0.01% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Anchor Ltd Company owns 21,433 shares. The France-based Exane Derivatives has invested 0% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Hsbc Holding Public Ltd Co invested 0.05% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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