WAB - Westinghouse Air Brake Technologies Corporation

NYSE - NYSE Delayed Price. Currency in USD
102.03
-0.57 (-0.56%)
At close: 4:02PM EDT
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Previous Close102.60
Open101.39
Bid0.00 x 800
Ask0.00 x 1400
Day's Range100.92 - 102.35
52 Week Range69.20 - 104.21
Volume671,940
Avg. Volume781,856
Market Cap9.825B
Beta0.62
PE Ratio (TTM)35.54
EPS (TTM)2.87
Earnings DateJul 23, 2018 - Jul 27, 2018
Forward Dividend & Yield0.48 (0.47%)
Ex-Dividend Date2018-05-10
1y Target Est104.00
Trade prices are not sourced from all markets
  • GE Sets $11.1B Transportation Business Merger with Wabtec
    Fortune Videos22 days ago

    GE Sets $11.1B Transportation Business Merger with Wabtec

    GE will receive a $2.9 billion cash payment up front.

  • InvestorPlace5 days ago

    General Electric Company’s Dividend Will Be Fine … Probably

    Just a few days ago, J.P. Morgan analyst Stephen Tusa suggested industrial giant General Electric Company (NYSE:GE) should be — if it wasn’t — mulling the possibility of yet another dividend cut. Of all the ways the company could allocate its operating cash flow in its present situation, sustaining the dividend payout seems to make the least mathematical sense.

  • Wabtec announces new financing as it readies for merger with GE Transportation
    American City Business Journals7 days ago

    Wabtec announces new financing as it readies for merger with GE Transportation

    Wabtec Corp. on Wednesday said it has entered into new financing arrangements in connection with its pending $10 billion merger with GE Transportation.  The new arrangements include syndication of a $2.5 billion senior unsecured bridge commitment and $400 million senior unsecured delayed draw term loan to fund the cash portion of the merger, Wilmerding-based Wabtec (NYSE:WAB) said in a release. This provides that the bridge commitment will be reduced by any alternative financing that Wabtec arranges prior to closing, which may include additional loans or long-term notes.

  • GlobeNewswire7 days ago

    Wabtec Announces New Financing Arrangements

    The new arrangements include syndication of a $2.5 billion senior unsecured bridge commitment and $400 million senior unsecured delayed draw term loan to fund the cash portion of the merger.  The new arrangements provide that the bridge commitment will be reduced by any alternative financing that Wabtec arranges prior to closing, which may include additional loans or long-term notes. In addition, the company refinanced an existing revolving credit facility with a $1.2 billion senior unsecured revolver with a five-year term, and refinanced an existing $350 million senior unsecured term loan with a three-year term loan.

  • Motley Fool15 days ago

    Asset Sales Will Help GE Fix Its Balance Sheet

    General Electric recently made the headlines with an $11 billion deal to sell its GE Transportation unit to Wabtec. However, that's just one of several divestitures in the works, as GE looks to simplify its business and pay down debt.

  • Motley Fool16 days ago

    The Bull and Bear Case for GE

    GE is at a crossroads, and plenty are wary. But this trough could turn out to be a fantastic buying opportunity for the long term.

  • InvestorPlace21 days ago

    Nothing About the Breakup Improves General Electric Company Stock

    In recent years, GE stock has provided ample profits for both bulls and bears. When I took my first crack at analyzing GE stock, I was bullish. General Electric is an American icon that has survived world wars, great depressions and perhaps President Trump.

  • Barrons.com21 days ago

    GE: Why It Still Needs Billions More in Capital

    It's been a rollercoaster ride for General Electric (GE) shareholders lately, as the market applauded its deal with Wabtec (WAB) before punishing the stock for not committing to its dividend payout for 2019. JPMorgan's Stephen Tusa, who is firmly in the bear camp, on Wednesday warns about GE Capital, which he calls an "underappreciated risk" for the shares, hitting on one of his favorite themes--that GE will still have to raise more capital.

  • InvestorPlace21 days ago

    3 Reasons to Avoid General Electric Company Stock

    If you own General Electric Company (NYSE:GE) stock, Wednesday’s 7.3% decline was the company’s worst day in almost a decade. “… Being deliberate and then moving when things make sense, as opposed to moving just because somebody wants us to — it’s just my style,” Flannery said at an industry conference. No amount of handholding and reassurances by Flannery is going to change the fact the hole it’s in is incredibly deep and incredibly wide.

  • How GE and Wabtec Stock Reacted after Announcement of the Deal
    Market Realist22 days ago

    How GE and Wabtec Stock Reacted after Announcement of the Deal

    General Electric (GE) and Wabtec (WAB) stocks have steadily moved upward since rumors of the deal to combine the Transportation segment with Wabtec went public in April. After closing slightly higher the next day, the stock took a steep fall on May 23.

  • The Strategic Rationale behind the General Electric–Wabtec Deal
    Market Realist22 days ago

    The Strategic Rationale behind the General Electric–Wabtec Deal

    GE and Wabtec: A force to be reckoned with? General Electric (GE) has been one of the oldest and top locomotive manufacturers in the world. Its rail transportation business may soon be combined with Wabtec (WAB), earlier known as Westinghouse Air Brake Technologies.

  • TRTN or WAB: Which Is the Better Value Stock Right Now?
    Zacks22 days ago

    TRTN or WAB: Which Is the Better Value Stock Right Now?

    TRTN vs. WAB: Which Stock Is the Better Value Option?

  • Synergies of the GE Transportation and Wabtec Deal
    Market Realist23 days ago

    Synergies of the GE Transportation and Wabtec Deal

    The deal between General Electric (GE) and Wabtec (WAB) is expected to generate annual run-rate synergies of $250 million by 2022 due to lower costs and higher revenues. After completing the transaction, Wabtec will have $8 billion in revenues. Currently, railroad industry (CSX) fundamentals are sort of subdued.

  • Does GE’s Rail Deal with Wabtec Indicate Good Times Ahead?
    Market Realist23 days ago

    Does GE’s Rail Deal with Wabtec Indicate Good Times Ahead?

    Railroads’ (XLI) intermodal traffic expressed in containers and trailers picked up significantly this year compared to previous years. With a rise in global trade, the tightening of truck capacity (JBHT), and the rally in oil prices, rail intermodal has begun to regain its past glory. Provisions related to capital expenditure in the Tax Cuts and Jobs Act should also pave the way for increased spending on fixed assets by rail transportation companies.

  • Why GE Transportation and Wabtec Will Be under 1 Umbrella
    Market Realist23 days ago

    Why GE Transportation and Wabtec Will Be under 1 Umbrella

    In the previous part of this series, we saw that General Electric’s (GE) Transportation segment was an underperformer in terms of revenue growth, operating profits, and operating margin growth. Wabtec’s (WAB) Freight segment also did not do well in those parameters. Note that GE manufactures diesel locomotives.

  • GE Transportation and Wabtec: Their Businesses and Financials
    Market Realist26 days ago

    GE Transportation and Wabtec: Their Businesses and Financials

    The markets expect General Electric’s (GE) deal with Wabtec (WAB) to result in a combined entity valued at more than $20 billion. In 2017, GE’s Transportation segment’s revenue was $4.1 billion. The segment manufactures passenger and freight trains, mining equipment, and marine diesel engines.

  • General Electric’s CEO Seals Transportation’s Fate with Wabtec
    Market Realist26 days ago

    General Electric’s CEO Seals Transportation’s Fate with Wabtec

    General Electric’s (GE) CEO John Flannery, who took the position last August, got a shot in the arm on May 21. GE said it would spin off its Transportation segment and simultaneously combine it with Wabtec, a manufacturer of equipment used in the railroad (TRN) industry.

  • The General Electric and Wabtec Merger: What It Means to Investors
    Motley Fool26 days ago

    The General Electric and Wabtec Merger: What It Means to Investors

    The details behind the deal suggest it's good news for GE shareholders -- it but won't convince the bears watching the stock.

  • Dow 30 Stock Roundup: GE's Transportation Unit to Merge With Wabtec, J&J & Glaxo's HIV Drug Gets EU Approval
    Zacks26 days ago

    Dow 30 Stock Roundup: GE's Transportation Unit to Merge With Wabtec, J&J & Glaxo's HIV Drug Gets EU Approval

    The Dow endured another volatile week marked by key geopolitical developments.

  • Wabtec Stock Pays Off For American Century Ultra Mutual Fund
    Investor's Business Daily27 days ago

    Wabtec Stock Pays Off For American Century Ultra Mutual Fund

    American Century Ultra Fund (TWCUX) got it right with Wabtec — also known as Westinghouse Air Brake. The $11.4 billion portfolio is underweight in industrials, but its managers nonetheless made room for the locomotive equipment maker, starting in 2010. "Wabtec fits our quality, durable-growth philosophy based on the management team, their track record and a business with a strong operating margin averaging 17% over the last five years," client portfolio manager Kevin Lewis told IBD.

  • The Wall Street Journal27 days ago

    Union Pacific Chief Praises GE-Wabtec Railroad Deal

    Lance Fritz says the industrial tie-up provides ‘a home that’s stable’ for major rail locomotive supplier.

  • No One Said GE's Turnaround Was Going to Be Easy
    Bloomberg28 days ago

    No One Said GE's Turnaround Was Going to Be Easy

    If General Electric Co. makes another cut to its dividend in the middle of a breakup, will it still hurt? The short-term answer is yes: GE’s stock plunged on Wednesday after CEO John Flannery said the fate of the payout is partly dependent on the steps he takes to unwind the company’s conglomerate structure. Speaking at an annual spring confab for industrial bigwigs, Flannery said he needs to see how the merger of GE's transportation unit with Wabtec Corp. announced this week "plays out".

  • The Wall Street Journal28 days ago

    [$$] Why Thomas Edison Would Not Be Happy About GE's Latest Deal

    Edison and Westinghouse famously battled over the future of electrical distribution—alternating current vs. direct current—resulting in insults and publicity stunts, including Edison electrocuting animals in his New Jersey laboratory in an unsuccessful attempt to illustrate the dangers of Westinghouse’s AC. Westinghouse founded the Westinghouse Air Brake Co. in 1869 and the Westinghouse Electric Corp. in 1886.

  • General Electric's Transformation Gains Steam With Wabtec Deal
    Motley Fool28 days ago

    General Electric's Transformation Gains Steam With Wabtec Deal

    General Electric has agreed to merge its transportation segment with Wabtec, with total proceeds to the company and its shareholders exceeding $10 billion.