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Wellington Shields Reports Westinghouse Air Brake (WAB) Downgrade from “Gradually Accumulate”; Southcross Energy Partners L.P. (SXE) Shorts Raised By 32.36%

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Logo

Southcross Energy Partners L.P. (NYSE:SXE) had an increase of 32.36% in short interest. SXE’s SI was 122,300 shares in May as released by FINRA. Its up 32.36% from 92,400 shares previously. With 182,400 avg volume, 1 days are for Southcross Energy Partners L.P. (NYSE:SXE)’s short sellers to cover SXE’s short positions. The SI to Southcross Energy Partners L.P.’s float is 3.49%. The stock decreased 0.59% or $0.01 during the last trading session, reaching $1.69. About 38,570 shares traded. Southcross Energy Partners, L.P. (NYSE:SXE) has declined 50.00% since May 16, 2017 and is downtrending. It has underperformed by 61.55% the S&P500.

Westinghouse Air Brake (NYSE:WAB) was lowered by research analysts at Wellington Shields from a “Gradually Accumulate” rating to a “Hold” rating in an analyst report issued to clients on Wednesday, 16 May.

Southcross Energy Partners, L.P., together with its subsidiaries, provides natural gas gathering, processing, treating, compression, and transportation services in the United States. The company has market cap of $137.09 million. The firm also offers natural gas liquid fractionation and transportation services. It currently has negative earnings. In addition, it supplies natural gas to industrial, commercial, and power generation customers, as well as local distribution companies.

Among 8 analysts covering Southcross Energy Partners (NYSE:SXE), 0 have Buy rating, 3 Sell and 5 Hold. Therefore 0 are positive. Southcross Energy Partners had 14 analyst reports since August 8, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Thursday, March 17 by JP Morgan. Stifel Nicolaus downgraded the shares of SXE in report on Monday, August 10 to “Buy” rating. Citigroup downgraded Southcross Energy Partners, L.P. (NYSE:SXE) on Monday, January 11 to “Neutral” rating. Raymond James downgraded the shares of SXE in report on Monday, August 10 to “Outperform” rating. On Saturday, August 8 the stock rating was downgraded by Stifel Nicolaus to “Buy”. Wunderlich downgraded Southcross Energy Partners, L.P. (NYSE:SXE) rating on Friday, January 8. Wunderlich has “Hold” rating and $3.0 target. The stock of Southcross Energy Partners, L.P. (NYSE:SXE) earned “Market Perform” rating by Wells Fargo on Friday, January 8. The firm has “Sell” rating given on Thursday, March 17 by Stifel Nicolaus. On Thursday, November 2 the stock rating was upgraded by Raymond James to “Market Perform”. Wunderlich reinitiated Southcross Energy Partners, L.P. (NYSE:SXE) rating on Tuesday, October 20. Wunderlich has “Buy” rating and $9.0 target.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It fall, as 5 investors sold Southcross Energy Partners, L.P. shares while 8 reduced holdings. 6 funds opened positions while 5 raised stakes. 2.17 million shares or 24.05% more from 1.75 million shares in 2017Q3 were reported. Brookfield Asset Mgmt Incorporated stated it has 0% in Southcross Energy Partners, L.P. (NYSE:SXE). Deutsche Savings Bank Ag accumulated 148,600 shares. Manufacturers Life Com The invested in 0% or 422 shares. Renaissance Techs Ltd Limited Liability Company holds 0% or 147,872 shares in its portfolio. New York-based Goldman Sachs Grp has invested 0% in Southcross Energy Partners, L.P. (NYSE:SXE). Stifel Corporation reported 0% in Southcross Energy Partners, L.P. (NYSE:SXE). Raymond James Associate reported 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE). Royal Fincl Bank Of Canada invested 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE). Acadian Asset Mngmt Llc holds 0% or 119,905 shares in its portfolio. Illinois-based Citadel Advisors Ltd has invested 0% in Southcross Energy Partners, L.P. (NYSE:SXE). 66,246 were reported by Quinn Opportunity Ltd Llc. Hite Hedge Asset Mngmt Limited Liability Company has invested 0.11% in Southcross Energy Partners, L.P. (NYSE:SXE). Symphony Asset Management Limited Company, a California-based fund reported 755 shares. Morgan Stanley invested in 0% or 207,707 shares. Wells Fargo And Company Mn has invested 0% in Southcross Energy Partners, L.P. (NYSE:SXE).

Another recent and important Southcross Energy Partners, L.P. (NYSE:SXE) news was published by Globenewswire.com which published an article titled: “Southcross Energy Partners, LP Reports First Quarter Results” on May 10, 2018.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.11, from 0.82 in 2017Q3. It increased, as 28 investors sold Westinghouse Air Brake Technologies Corporation 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. Louisiana State Employees Retirement System accumulated 21,600 shares. Greenleaf Tru reported 0% stake. Boston Private Wealth Ltd has 3,569 shares for 0.01% of their portfolio. Rocky Mountain Advisers Ltd Liability Corporation holds 0% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 18 shares. Liberty Mutual Grp Incorporated Asset Mgmt has invested 0.06% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Toronto Dominion Savings Bank owns 5,091 shares. Veritable Lp has 6,194 shares. Qv has invested 0.74% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Moreover, Comerica State Bank has 0.05% invested in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). Shell Asset holds 4,143 shares. Hendershot Invs accumulated 56,458 shares. Ftb Advisors Incorporated holds 231 shares. First Mercantile Trust Communication reported 1,074 shares. Altarock Prtnrs Lc owns 686,426 shares. Arrowmark Colorado Hldgs Ltd Liability Corporation has invested 0.88% in Westinghouse Air Brake Technologies Corporation (NYSE:WAB).

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 $9.11 billion. It operates in two divisions, Freight and Transit. It has a 34.8 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.

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 $90.50 million for 25.17 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.

Among 16 analysts covering Wabtec (NYSE:WAB), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Wabtec has $106 highest and $68.0 lowest target. $92.85’s average target is -1.90% below currents $94.65 stock price. Wabtec had 39 analyst reports since December 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, September 11 by Stifel Nicolaus. CLSA initiated the stock with “Buy” rating in Friday, September 30 report. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Hold” rating by Edward Jones on Wednesday, July 26. The rating was upgraded by Stifel Nicolaus on Monday, December 21 to “Buy”. The firm has “Buy” rating by Deutsche Bank given on Monday, May 14. The company was maintained on Wednesday, October 25 by Buckingham Research. The stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) earned “Outperform” rating by Wolfe Research on Wednesday, October 26. The rating was upgraded by Wellington Shields on Friday, April 7 to “Gradually Accumulate”. The firm has “Buy” rating by Cowen & Co given on Wednesday, December 13. The rating was maintained by Stifel Nicolaus on Wednesday, February 22 with “Buy”.

More notable recent Westinghouse Air Brake Technologies Corporation (NYSE:WAB) news were published by: Benzinga.com which released: “Analyst: Wabtec A Buy On Potential GE Synergies” on April 23, 2018, also Bizjournals.com with their article: “Wabtec adds new directors at annual meeting” published on May 15, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 14, 2018” on May 14, 2018. More interesting news about Westinghouse Air Brake Technologies Corporation (NYSE:WAB) were released by: Fool.com and their article: “Westinghouse Air Brake Technologies Corp Was Firing on All Cylinders in Q1” published on April 24, 2018 as well as Streetinsider.com‘s news article titled: “Wabtec (WAB) to Affirm 2018 Financial Guidance, Targets at Investor Day” with publication date: May 07, 2018.

Southcross Energy Partners, L.P. (NYSE:SXE) Institutional Positions Chart

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