Wabtec
About: Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.
Employees: 1,100
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more capital invested
Capital invested by funds: $25.8B [Q2] → $27.8B (+$2.08B) [Q3]
0% less funds holding
Funds holding: 963 [Q2] → 959 (-4) [Q3]
4% less first-time investments, than exits
New positions opened: 109 | Existing positions closed: 113
4.84% less ownership
Funds ownership: 92.42% [Q2] → 87.58% (-4.84%) [Q3]
6% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 15 (-1) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 361
29% less call options, than puts
Call options by funds: $69.6M | Put options by funds: $97.8M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keybanc Steve Barger 27% 1-year accuracy 7 / 26 met price target | 14%upside $220 | Overweight Maintained | 13 Nov 2024 |
Susquehanna Bascome Majors 53% 1-year accuracy 21 / 40 met price target | 15%upside $222 | Positive Maintained | 24 Oct 2024 |
Goldman Sachs Jerry Revich 53% 1-year accuracy 20 / 38 met price target | 6%upside $205 | Neutral Maintained | 24 Oct 2024 |
Stephens & Co. Justin Long 82% 1-year accuracy 9 / 11 met price target | 6%upside $205 | Overweight Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 11 articles about WAB published over the past 30 days
