WAB - Wabtec Corporation
| Previous Close | 73.87 |
| Open | 73.36 |
| Bid | 0.00 x 1100 |
| Ask | 0.00 x 1000 |
| Day's Range | 69.63 - 73.80 |
| 52 Week Range | 65.09 - 115.40 |
| Volume | 2,942,050 |
| Avg. Volume | 2,163,104 |
| Market Cap | 11.376B |
| Beta (3Y Monthly) | 1.46 |
| PE Ratio (TTM) | 22.97 |
| EPS (TTM) | 3.05 |
| Earnings Date | Apr 22, 2019 - Apr 26, 2019 |
| Forward Dividend & Yield | 0.48 (0.65%) |
| Ex-Dividend Date | 2019-02-07 |
| 1y Target Est | 93.50 |
- Simply Wall St.•8 days ago
Wabtec Corporation (NYSE:WAB) Insiders Have Been Selling
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
- Markit•12 days ago
See what the IHS Markit Score report has to say about Westinghouse Air Brake Technologies Corp.
Westinghouse Air Brake Technologies Corp NYSE:WABView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for WAB with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 8. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding WAB is favorable, with net inflows of $6.07 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 sentimentPMI by IHS Markit | NeutralAccording 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. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.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.
- Motley Fool•16 days ago
What the GE-Danaher Deal Means to Both Sets of Investors
It's ultimately good news for both companies. Here's why.
- InvestorPlace•18 days ago
Has the Turnaround of GE Stock Already Come and Gone?
For the past several years, industrial conglomerate General Electric (NYSE:GE) has been on a continuous downtrend. Once one of the most important, valuable, and influential companies in the world, GE has turned into a shell of its former self thanks to mismanagement, an unbearable debt load, and a lack of company-wide innovation. This has led to GE stock turning into one of Wall Street's biggest losers for the past several years.Source: Shutterstock But GE stock has surprisingly turned into a big winner in early 2019. Year-to-date, General Electric stock is up 30%, as the technicals, fundamentals, and sentiment of GE stock have all meaningfully improved in 2019. Can this rally last? Is this the beginning of a multi-year rebound by GE stock? Or has the rally already come and gone? * 9 Trade War Stocks to Sell on U.S.-China Deal News That's tough to say. GE is making all the right moves to downsize and simplify its operations. Consequently, the GE of tomorrow will have stable, healthy growth with dramatically lower leverage and significantly higher margins.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the GE of tomorrow will also be much smaller and potentially have even less growth potential. Indeed, although GE is downsizing its operations and cutting its operational fat, CEO Larry Culp recently said that he expects its industrial-free-cash flow to be negative in 2019.In other words, things are getting better at GE, but not that much better. As a result, after GE stock rallied over the past few months, the risk-reward profile of General Electric stock at this point in time seems neither favorable nor unfavorable. It simply seems balanced. Balanced isn't a good enough reason to buy this stock, considering the lack of clarity of the company's long-term outlook and the recent rally of GE stock. As a result, I think investors should wait before buying into the rally of GE. All the Right MovesGE's management and GE stock are making all the right moves, and that's why GE stock is up 30% in 2019.Importantly, GE stock held the critical technical level of $6.66, which was the stock's long-term level of support that dates all the way back to 2009. Not only did GE stock hold that level, but it bounced off that level in a big way. Indeed, ever since, General Electric stock is up about 40%. That's a big move which implies that GE stock has indeed put in a bottom.More importantly, GE's management is doing everything right as it looks to reduce the company's leverage and improve its operational stability and profitability. Namely, the company is shedding assets rapidly.Among the assets that GE has sold are its transportation unit {to Wabtec (NYSE:WAB),} its biopharma business {to Danaher (NYSE:DHR),} and its Intelligent Platforms business {to Emerson (NYSE:EMR)}. Taken together, these downsizing moves have simplified the company's operations, improved its long-term profitability outlook, brought cash onto its balance sheet, and reduced its leverage.In other words, things look good for GE stock. Everything that needed to happen is happening. The stock held its long-term level of support. Assets are being sold. Leverage is being reduced. Operations are being simplified.As long as the company's management continues to make these type of strategic and value-adding moves, it's tough to see General Electric stock falling. But it's equally hard to see GE stock resuming its rapid run higher. Balanced Risk-RewardThe biggest concern about GE stock is that the company is "selling its future to try and maintain the present", as J.P. Morgan's Stephen Tusa pointed out in a recent note.Tusa was referring to the company's decision to sell the more valuable assets of its Aviation Services business. But the statement has broader applications. GE is selling a ton of assets. Many of those assets aren't half-bad. Some are even good, like GE Healthcare.To be sure, spinning off those businesses does provide a large amount of cash inflows, which are necessary to reduce the company's unsustainable debt load. But, while debt reduction is an admirable goal, investors should ask: what's next? What happens after the debt load is reduced, but many of the businesses are gone? Will General Electric stock have a bright future at that point?No one knows the answers to those questions right now. The only tangible insight we do have is that the company's industrial-free-cash-flow is expected to be negative this year, and that isn't good news.So given the enormous lack of clarity regarding what exactly will be left of GE in two to three years and the recent negative news, it's tough to see GE stock rallying in the foreseeable future. The Bottom Line on GE StockThe big rebound of General Electric stock has already happened. The next leg higher will have to be driven by improvements in its fundamental growth outlook. Such improvements can only come via increased clarity with respect to what GE will look like in two to three years. Until GE's long-term outlook is clearer, GE stock will struggle to stay on its winning trajectory.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Blue-Chip Stocks That Will Lose You Money * 7 Cheap Stocks Under $5 That Could Soar * 7 Stocks Under $10 You Shouldn't Buy Compare Brokers The post Has the Turnaround of GE Stock Already Come and Gone? appeared first on InvestorPlace.
- American City Business Journals•19 days ago
Merger creates Fortune 500 company with major operations in DFW
The merger between GE Transportation and Wabtec creates a company that will earn approximately $8 billion in revenue this year.
- American City Business Journals•20 days ago
Wabtec's confirmation means another Fortune 500 headquarters coming into the city
Wabtec's move to 30 Isabella just one of four moves by Fortune 500 firms to the North Shore and North Side recently
- American City Business Journals•23 days ago
With workers still on strike after Wabtec GE Transportation merger, leaders on both sides weigh in
Union workers say a report shows the predicted negative economic impact of proposed wage reductions equals Wabtec CEO Ray Betler's merger bonus.
- Thomson Reuters StreetEvents•23 days ago
Edited Transcript of WAB earnings conference call or presentation 25-Feb-19 1:30pm GMT
Q4 2018 Westinghouse Air Brake Technologies Corp Earnings Call
- American City Business Journals•23 days ago
Viewpoint: Region also gains from Wabtec-GE deal
Wabtec, which last year ranked as the region’s ninth-largest public company, just this week completed its merger with GE Transportation, a move that catapults it into the Fortune 500 and nearly doubles its size.
- Motley Fool•24 days ago
The Worst Mistake General Electric Investors Can Make Right Now
Given all the volatility in the industrial giant’s stock over the past few months, some investors might feel the need to do something, which could be a big mistake.
- American City Business Journals•24 days ago
Here's what buying GE Transportation will mean for Wabtec
The merger, completed on Feb. 25, makes the company nearly twice as big and catapults it into the Fortune 500.
- GuruFocus.com•25 days ago
Westinghouse Air Brake Technologies Corp (WAB) Files 10-K for the Fiscal Year Ended on December ...
The dividend yield of Westinghouse Air Brake Technologies Corp stocks is 0.64%. Westinghouse Air Brake Technologies Corp had annual average EBITDA growth of 11.20% over the past ten years. Warning! GuruFocus has detected 4 Warning Signs with WAB.
- Simply Wall St.•25 days ago
Wabtec Corporation (NYSE:WAB): Has Recent Earnings Growth Beaten Long-Term Trend?
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Wabtec Corporation's (NYSE:WAB) track record on a highRead More...
- American City Business Journals•25 days ago
GE sells former Latham turbocharger plant
The property was acquired by freight and passenger rail giant Wabtec Corp., which completed its $11 billion merger with GE Transportation this week.
- American City Business Journals•25 days ago
Health care is once again part of GE’s future, Culp tells investors
Monday's $21 billion deal with Danaher put GE “on better footing to consider the right options for healthcare over time," Culp said in a letter to shareholders.
- The Wall Street Journal•25 days ago
[$$] GE Transportation Workers Go on Strike Under New Owner
More than a thousand workers went on strike Tuesday at a former General Electric Co. locomotive plant in Erie, Pa., a day after the operation was acquired by rival Wabtec Corp. The union, representing 1,700 workers, said it wasn’t able to reach a labor contract with Wabtec in negotiations that stretched into early morning. GE agreed last year to merge its railroad business with Wabtec in a deal valued at roughly $11 billion, enabling GE to raise cash to fund its turnaround and shed one of its oldest operations.
Associated Press•26 days agoWorkers strike at ex-GE Transportation plant in Pennsylvania
ERIE, Pa. (AP) — Workers at the former GE Transportation plant in northwestern Pennsylvania have gone on strike for the first time in a half-century, and a day after completion of a merger between GE Transportation and Wabtec.
- CNBC•26 days ago
Bernie Sanders jumps into a union fight sparked by GE spinoff in 2020 swing state Pennsylvania
Sanders recently launched a 2020 presidential campaign as a Democrat. The strike takes place in a state carried by President Donald Trump in 2016 that Democrats may need to win in order to take back the White House.
- Zacks•26 days ago
Wabtec (WAB) Surges: Stock Moves 6.4% Higher
Wabtec (WAB) shares rose more than 6% in the last trading session, amid huge volumes.
- Zacks•26 days ago
General Electric (GE) to Divest BioPharma, Closes Wabtec Deal
General Electric (GE) to gain from divestiture of the BioPharma business by using the proceeds to lower debt burden and focus on more important portfolios. It completes GE Transportation divestment.
- Zacks•26 days ago
Stock Market News For Feb 26, 2019
Wall Street rally continued on Monday following positive developments on the trade war front.
- American City Business Journals•26 days ago
Union workers strike at Wabtec's newly acquired Erie plant
After efforts failed to come to an interim agreement between union workers and Wabtec Corp., which completed its merger with GE Transportation on Monday, UE Locals 506 and 618 began a strike at 5 a.m. Tuesday, according to a news release. The union, which represents 1,700 workers at Wabtec’s (NYSE:WAB) newly acquired locomotive plant, are striking to push back against a plan they say includes mandatory overtime, wage reductions of up to 38 percent for recalled and newly hired workers, and the option to use temporary workers for up to 20 percent of the work in the plant. “Their refusal leaves us with no choice but to go on strike to protect our members’ and our children’s future.” Ray Betler, CEO of Wabtec, said he wants the workers in Erie to be a part of the newly merged company’s future, but called their reaction to the terms and conditions presented “childish.” “We have lower-cost alternatives in a couple places in this country, but we don’t want to walk away from the installed base and capability and workforce in Erie,” Betler said.
- Zacks•26 days ago
Wabtec (WAB) Up Despite Q4 Earnings Miss, '19 View Solid
Foreign currency fluctuations partly mar Wabtec's (WAB) Q4 results. However, the company issues a strong outlook for 2019, following completion of its merger with GE Transportation.
