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 Q2 SEC filings by fund managers ($100M+ AUM)
218% more call options, than puts
Call options by funds: $219M | Put options by funds: $68.7M
92% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 62
23% more funds holding in top 10
Funds holding in top 10: 13 [Q1] → 16 (+3) [Q2]
7% more capital invested
Capital invested by funds: $23.6B [Q1] → $25.2B (+$1.54B) [Q2]
6% more funds holding
Funds holding: 904 [Q1] → 961 (+57) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 346 | Existing positions reduced: 320
1.56% less ownership
Funds ownership: 91.81% [Q1] → 90.25% (-1.56%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B of A Securities Ken Hoexter 50% 1-year accuracy 20 / 40 met price target | 3%downside $184 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 10 articles about WAB published over the past 30 days