Wabtec (WAB)

• Market cap: $34.7B
• 1 day: 1.17%
• 5 days: 7.71%
• 1 month: 1.77%
• 3 months: 6.16%
• 6 months: 20.83%
• Year to date: 6.73%
• 1 year: 60.30%
• 5 years: 151.64%
• 10 years: 142.01%
• Sector: Industrials
• Industry: Railroad Equipment

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)

11% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 98

8% more capital invested

Capital invested by funds: $26B [Q2] → $28.1B (+$2.12B) [Q3]

0% less funds holding

Funds holding: 963 [Q2] → 959 (-4) [Q3]

4.79% less ownership

Funds ownership: 93.23% [Q2] → 88.44% (-4.79%) [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

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $205 2% upside
• Avg. target: $216 7% upside
• High target: $226 12% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

B of A Securities Ken Hoexter 40% 1-year accuracy 21 / 53 met price target	12% upside $226	Buy Maintained	15 Jan 2025
Keybanc Steve Barger 32% 1-year accuracy 9 / 28 met price target	9% upside $220	Overweight Maintained	13 Nov 2024
Susquehanna Bascome Majors 59% 1-year accuracy 26 / 44 met price target	10% upside $222	Positive Maintained	24 Oct 2024
Goldman Sachs Jerry Revich 49% 1-year accuracy 18 / 37 met price target	2% upside $205	Neutral Maintained	24 Oct 2024
Stephens & Co. Justin Long 75% 1-year accuracy 9 / 12 met price target	2% upside $205	Overweight Maintained	24 Oct 2024