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)
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 (+$2.14B) [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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
B of A Securities Ken Hoexter 45% 1-year accuracy 24 / 53 met price target | 8%upside $226 | Buy Maintained | 15 Jan 2025 |
Keybanc Steve Barger 43% 1-year accuracy 13 / 30 met price target | 5%upside $220 | Overweight Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 8 articles about WAB published over the past 30 days
