|Bid||55.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||74.47 - 76.35|
|52 Week Range||65.45 - 115.40|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||23.64|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||0.48 (0.66%)|
|1y Target Est||105.64|
General Electric's (GE) business unit agrees to divest its leading supply chain finance platform - Trade Payable Services - to MUFG Union Bank.
General Electric's (GE) divestment of GE Transportation to Wabtec gets a green signal from the U.S. Department of Justice. It is likely to be advantageous for both.
Wabtec announced Monday evening that the U.S. Department of Justice has closed its review of the company's merger with General Electric Transportation, clearing the way for the two companies to join. It will bring together GE Transportation, which provides equipment, services and digital solutions to rail, mining, marine, stationary power and drilling industries, with the Wilmerding, Pa.-based company that provides equipment, systems and services for rail and transit. The company had in May. "The DOJ’s decision to close its review of the pending merger marks a significant milestone for our customers, employees and shareholders," Wabtec CEO and President Raymond T. Betler said in a prepared statement.
Wabtec Corporation (WAB) and General Electric Company (GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE. The merger is expected to create a stronger, more diversified transportation and logistics company. The transaction, which will position Wabtec as a Fortune 500 company with operations in more than 50 countries, is expected to close by the end of the first quarter of 2019, subject to satisfaction or waiver of customary closing conditions. Once the transaction is completed, the combined company is expected to have significantly expanded margins, a highly attractive profile based on an improved business mix, expanded global reach, and faster innovation in key growth areas.
WILMERDING, Pa., Jan. 11, 2019 -- Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Feb. 22, 2019 to holders of record on.
# Westinghouse Air Brake Technologies Corp ### NYSE:WAB View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high and has been increasing * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Negative Short interest is high for WAB with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WAB. Sentiment has worsened and traders added to their bearish short positions on January 8. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding WAB is favorable, with net inflows of $12.62 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Read More...
This means that investors who seek to profit from falling equity prices are currently targeting WAB. According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Here are the top five stories that occurred on the money beat, as selected by Pittsburgh Business Times reporter Patty Tascarella.
General Electric Company (GE) ranked 31 on the Fortune 500 list for 2017, even as its stock price has sagged after a series of negative quarterly earnings. General Electric is one of America's most recognized brand with a market capitalization of $63.67 billion as of Dec. 13, 2018. The company produces products ranging from toasters and clock radios to the GEnx jet engine for the Boeing 787. On Oct. 1, 2018, GE announced that H. Lawrence Culp would replace John Flannery as Chairman and CEO of the company, effective immediately.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]
In 2014 Raymond Betler was appointed CEO of Westinghouse Air Brake Technologies Corporation (NYSE:WAB). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Read More...
To say General Electric (NYSE:GE) has taken investors on a wild ride this year would be a considerable understatement. After tumbling more than 60% between the beginning of the year and October, GE stock has almost been cut in half again. Thursday’s news that it was selling most of its stake in its ServiceMax software business cut into that loss by a measurable amount, but still … is GE stock a buy right now?
Wabtec (WAB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB), which is in the machinery business, and is based in United States, saw significant share price volatility over the past couple of months on Read More...
Wabtec Corporation (WAB) announced that at a special meeting today the company’s stockholders approved proposals in connection with its planned combination with GE Transportation. The transaction is expected to be completed by early 2019, subject to customary closing conditions. It is possible that the proposed combination could be completed at an earlier time if the closing conditions are satisfied sooner. At today’s special meeting, more than 99 percent of the shares that were voted, or more than 85 percent of Wabtec’s total outstanding common stock entitled to vote, approved an amendment to Wabtec’s charter to increase the number of authorized shares of the company’s common stock and the issuance of its common stock in connection with the planned combination.
The timing of the optimistic comments from General Electric (NYSE:GE) CEO Larry Culp was anything but a coincidence. Just one trading day after GE stock fell another 6% in response to an alarming assessment from JPMorgan Chase analyst Stephen Tusa, Culp appeared on CNBC’s “Squawk on the Street” to ease some of the concerns Tusa raised. The GE stock price was off another 4% on Monday despite the pep-talk earlier that day.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.
NEW YORK, Nov. 13, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.