Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates in two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing locomotive and freight cars; supplies railway electronics and positive train control equipment; offers signal design and engineering services; builds switcher locomotives; rebuilds freight locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets. This segment serves publicly traded railroads; leasing companies; manufacturers of original equipment, such as locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses; builds commuter locomotives; and refurbishes passenger transit vehicles. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. The company's products comprise positive train control equipment and electronically controlled pneumatic braking products; railway electronics, including event recorders, monitoring equipment, and end of train devices; freight car trucks and couplers; draft gears, couplers, and slack adjusters; and air compressors and dryers. Its products also include track and switch products; railway braking equipment and related components; friction products consisting of brake shoes and pads; window assemblies, and accessibility lifts and ramps for buses and subway cars; and traction motors, as well as builds, remanufactures, and overhauls commuter and switcher locomotives, and transit cars. Westinghouse Air Brake Technologies Corporation was founded in 1869 and is headquartered in Wilmerding, Pennsylvania.
Industry, Sector and Symbol
Industry Railroad equipment
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorTransportation
SymbolNYSE:WAB
CUSIP92974010
Phone412-825-1000
Debt
Debt-to-Equity Ratio0.64%
Current Ratio1.44%
Quick Ratio0.97%
Price-To-Earnings
Trailing P/E Ratio24.43
Forward P/E Ratio21.88
P/E Growth1.88
Sales & Book Value
Annual Sales$3.88 billion
Price / Sales2.07
Cash Flow$4.5787 per share
Price / Cash18.30
Book Value$29.46 per share
Price / Book2.84
Profitability
EPS (Most Recent Fiscal Year)$3.43
Net Income$262.26 million
Net Margins6.76%
Return on Equity12.55%
Return on Assets5.18%
Miscellaneous
Employees18,000
Outstanding Shares96,090,000
Wabtec (NYSE:WAB) Frequently Asked Questions
What is Wabtec's stock symbol?
Wabtec trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAB."
How often does Wabtec pay dividends? What is the dividend yield for Wabtec?
Wabtec declared a quarterly dividend on Monday, January 29th. Shareholders of record on Friday, February 9th will be given a dividend of $0.12 per share on Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, February 8th. View Wabtec's Dividend History.
How were Wabtec's earnings last quarter?
Wabtec Co. (NYSE:WAB) announced its earnings results on Tuesday, February, 20th. The transportation company reported $0.90 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.90. The transportation company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Wabtec had a net margin of 6.76% and a return on equity of 12.55%. The firm's quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 earnings per share. View Wabtec's Earnings History.
When is Wabtec's next earnings date?
What guidance has Wabtec issued on next quarter's earnings?
Wabtec issued an update on its FY18 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of approx $3.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.95. The company issued revenue guidance of approx $4.1 billion, compared to the consensus revenue estimate of $4.07 billion.
What price target have analysts set for WAB?
13 analysts have issued 12-month target prices for Wabtec's shares. Their predictions range from $75.00 to $100.00. On average, they expect Wabtec's share price to reach $87.8182 in the next year. View Analyst Ratings for Wabtec.
What are Wall Street analysts saying about Wabtec stock?
Here are some recent quotes from research analysts about Wabtec stock:
- 1. According to Zacks Investment Research, "Wabtec Corporation is one of North America's largest provider of value-added, technology-based products and services for freight rail, passenger transit and select industrial markets worldwide. Through its subsidiaries, the company manufactures a broad range of products for end markets such as locomotives, freight cars, passenger transit vehicles and power generation equipment, for both original equipment and aftermarket applications. Wabtec also builds new locomotives up to 5,400 horsepower, and provides aftermarket maintenance and services for locomotives and passenger transit vehicles. Faiveley Transport, a subsidiary of Wabtec Corporation (NYSE: WAB), has been awarded contracts by Alstom and Bombardier Transportation to supply systems for the first 71 train sets of the new generation of double deck trains for Paris. " (2/23/2018)
- 2. FBR & Co analysts commented, "Past expectations had been that the rebound in rail traffic volumes would translate into an increase in railroad maintenance capital expenditures and higher aftermarket sales. Railroad maintenance capital expenditures lag the current yr./yr. increase in rail traffic volumes and projects continued to be deferred." (10/25/2017)
Who are some of Wabtec's key competitors?
Some companies that are related to Wabtec include Lufthansa (DLAKY), DSV (DSDVY), Maersk (AMKBY), C. H. Robinson (CHRW), J. B. Hunt (JBHT), ANA (ALNPY), XPO Logistics (XPO), Old Dominion Freight Line (ODFL), Kansas City Southern (KSU), Expeditors International of Washington (EXPD), Keppel (KPELY), Azul (AZUL), Alstom (ALSMY), China Southern Airlines (ZNH), LATAM Airlines Group (LTM), easyJet (EJTTF), Swire Pacific Ltd 'b' (SWRAY) and ZTO Express (ZTO).
Who are Wabtec's key executives?
Wabtec's management team includes the folowing people:
- Mr. Raymond T. Betler, Pres, CEO & Director (Age 62)
- Mr. Patrick D. Dugan, Exec. VP & CFO (Age 52)
- Mr. Stéphane Rambaud-Measson, Exec. VP, COO & Director (Age 56)
- Mr. David L. DeNinno, Exec. VP, Gen. Counsel & Sec. (Age 62)
- Mr. John A. Mastalerz Jr., Sr. VP of Fin., Corp. Controller & Principal Accounting Officer (Age 51)
Has Wabtec been receiving favorable news coverage?
News headlines about WAB stock have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wabtec earned a media sentiment score of 0.09 on Accern's scale. They also assigned media headlines about the transportation company an impact score of 46.01 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of Wabtec?
Shares of WAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Wabtec's stock price today?
One share of WAB stock can currently be purchased for approximately $83.79.
How big of a company is Wabtec?
Wabtec has a market capitalization of $7.95 billion and generates $3.88 billion in revenue each year. The transportation company earns $262.26 million in net income (profit) each year or $3.43 on an earnings per share basis. Wabtec employs 18,000 workers across the globe.
How can I contact Wabtec?
Wabtec's mailing address is 1001 AIR BRAKE AVE, WILMERDING PA, 15148. The transportation company can be reached via phone at 412-825-1000.
MarketBeat Community Rating for Wabtec (WAB)
MarketBeat's community ratings are surveys of what our community members think about Wabtec and other stocks. Vote "Outperform" if you believe WAB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WAB will underperform the S&P 500 over the long term. You may vote once every thirty days.
Wabtec (NYSE:WAB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Wabtec in the last 12 months. Their average twelve-month price target is $87.8182, suggesting that the stock has a possible upside of 4.81%. The high price target for WAB is $100.00 and the low price target for WAB is $75.00. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.46 | 2.46 | 2.36 | 2.30 |
| Ratings Breakdown: | 0 Sell Rating(s)
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $87.8182 | $87.8182 | $87.8750 | $89.1429 |
| Price Target Upside: | 4.81% upside | 6.20% upside | 6.83% upside | 23.21% upside |
Wabtec (NYSE:WAB) Consensus Price Target History
Wabtec (NYSE:WAB) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Wabtec (NYSE:WAB) Dividend Information
Wabtec pays an annual dividend of $0.48 per share, with a dividend yield of 0.57%. WAB's most recent quarterly dividend payment was Friday, February 23. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 30.10% each year. Wabtec pays out 13.99% of its earnings out as a dividend.
| Most Recent Dividend: | 2/23/2018 |
| Annual Dividend: | $0.48 |
| Dividend Yield: | 0.57% |
| Dividend Growth: | 30.10% (3 Year Average) |
| Payout Ratio: | 13.99% (Trailing 12 Months of Earnings)
12.53% (Based on This Year's Estimates)
10.93% (Based on Next Year's Estimates)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Wabtec (NYSE:WAB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/29/2018 | Quarterly | $0.12 | 0.59% | 2/8/2018 | 2/9/2018 | 2/23/2018 |
| 10/18/2017 | Quarterly | $0.12 | | 11/10/2017 | 11/13/2017 | 11/27/2017 |
| 5/10/2017 | Quarterly | $0.12 | | 8/10/2017 | 8/14/2017 | 8/28/2017 |
| 4/13/2017 | Quarterly | $0.10 | | 5/10/2017 | 5/12/2017 | 5/26/2017 |
| 1/26/2017 | Quarterly | $0.10 | | 2/8/2017 | 2/10/2017 | 2/24/2017 |
| 10/28/2016 | Quarterly | $0.10 | | 11/9/2016 | 11/14/2016 | 11/28/2016 |
| 5/12/2016 | Quarterly | $0.10 | | 8/11/2016 | 8/15/2016 | 8/29/2016 |
| 4/19/2016 | Quarterly | $0.08 | | 5/11/2016 | 5/13/2016 | 5/27/2016 |
| 1/26/2016 | Quarterly | $0.08 | | 2/10/2016 | 2/12/2016 | 2/26/2016 |
| 10/29/2015 | Quarterly | $0.08 | | 11/12/2015 | 11/16/2015 | 11/30/2015 |
| 5/14/2015 | quarterly | $0.08 | 0.32% | 8/13/2015 | 8/17/2015 | 8/31/2015 |
| 4/29/2015 | quarterly | $0.06 | 0.25% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/3/2015 | | $0.06 | | 2/11/2015 | 2/13/2015 | 2/27/2015 |
| 10/15/2014 | quarterly | $0.06 | 0.32% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 5/15/2014 | quarterly | $0.06 | 0.32% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 4/30/2014 | quarterly | $0.04 | 0.21% | 5/14/2014 | 5/16/2014 | 5/30/2014 |
| 1/31/2014 | quarterly | $0.04 | 0.22% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/25/2013 | quarterly | $0.04 | 0.24% | 11/13/2013 | 11/15/2013 | 11/29/2013 |
| 5/14/2013 | quarterly | $0.04 | | | 8/16/2013 | 8/30/2013 |
| 5/1/2013 | quarterly | $0.05 | 0.19% | 5/15/2013 | 5/17/2013 | 5/31/2013 |
| 1/28/2013 | quarterly | $0.05 | 0.22% | 2/13/2013 | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Wabtec (NYSE WAB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.49%
Wabtec (NYSE WAB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/7/2017 | Randy Hoback | Director | Buy | 54,000 | $0.08 | $4,320.00 | | |
| 11/6/2017 | Robert J Brooks | Director | Sell | 3,500 | $77.66 | $271,810.00 | 84,221 |  |
| 10/30/2017 | David L Deninno | VP | Sell | 1,917 | $76.10 | $145,883.70 | 56,131 | |
| 7/31/2017 | Gruehl Friedrich | Insider | Buy | 20,000 | $0.07 | $1,400.00 | | |
| 5/15/2017 | Brian Hehir | Director | Sell | 2,234 | $80.11 | $178,965.74 | 24,905 | |
| 4/28/2017 | Albert J Neupaver | Insider | Sell | 60,000 | $84.67 | $5,080,200.00 | 659,630 | |
| 2/27/2017 | Brian Hehir | Director | Sell | 1,500 | $80.73 | $121,095.00 | 26,804 | |
| 11/10/2015 | Steeg Nickolas Vande | Director | Buy | 6,470 | $77.38 | $500,648.60 | 15,639 | |
| 8/28/2015 | Patrick D. Dugan | VP | Sell | 13,530 | $96.67 | $1,307,945.10 | 42,858 | |
| 8/25/2015 | Raymond T Betler | CEO | Sell | 4,200 | $93.88 | $394,296.00 | 137,320 | |
| 8/19/2015 | Charles F Kovac | SVP | Sell | 11,500 | $100.93 | $1,160,695.00 | 119,459 | |
| 8/17/2015 | Brian Hehir | Director | Sell | 1,500 | $100.89 | $151,335.00 | | |
| 5/27/2015 | David M Seitz | VP | Sell | 5,000 | $100.79 | $503,950.00 | | |
| 2/23/2015 | Karl-Heinz Colmer | VP | Sell | 7,666 | $95.12 | $729,189.92 | | |
| 11/24/2014 | David M Seitz | VP | Sell | 6,000 | $90.87 | $545,220.00 | | |
| 11/3/2014 | Charles F Kovac | SVP | Sell | 12,000 | $86.84 | $1,042,080.00 | | |
| 8/26/2014 | David M Seitz | VP | Sell | 4,000 | $84.18 | $336,720.00 | | |
| 8/25/2014 | Robert J Brooks | Director | Sell | 30,000 | $84.16 | $2,524,800.00 | | |
| 8/25/2014 | Scott Wahlstrom | VP | Sell | 18,000 | $84.46 | $1,520,280.00 | | |
| 8/21/2014 | R Mark Cox | VP | Sell | 19,875 | $84.15 | $1,672,481.25 | | |
| 5/29/2014 | Michael W D Howell | Director | Sell | 1,000 | $77.88 | $77,880.00 | | |
| 5/21/2014 | Robert Brooks | Director | Sell | 4,000 | $74.62 | $298,480.00 | 95,232 | |
| 5/8/2014 | Karl-Heinz Colmer | VP | Sell | 5,252 | $74.75 | $392,587.00 | 25,793 | |
| 2/28/2014 | David Meyer | VP | Sell | 7,426 | $79.51 | $590,441.26 | 14,718 | |
| 2/28/2014 | William Kassling | Director | Sell | 24,500 | $79.06 | $1,936,970.00 | 58,907 | |
| 2/27/2014 | David Seitz | VP | Sell | 4,400 | $78.50 | $345,400.00 | 32,607 | |
| 2/27/2014 | William Kassling | Director | Sell | 40,500 | $78.80 | $3,191,400.00 | 58,907 | |
| 2/26/2014 | Albert Neupaver | Director | Sell | 108,000 | $78.61 | $8,489,880.00 | 494,528 | |
| 2/26/2014 | Karl-Heinz Colmer | VP | Sell | 12,000 | $78.61 | $943,320.00 | 28,418 | |
| 2/26/2014 | Raymond Betler | COO | Sell | 23,966 | $78.61 | $1,883,967.26 | 111,102 | |
| 2/24/2014 | Brian Hehir | Director | Sell | 3,000 | $79.69 | $239,070.00 | 21,562 | |
| 2/24/2014 | Timothy Wesley | VP | Sell | 5,326 | $78.15 | $416,226.90 | 17,730 | |
| 11/19/2013 | Brian Hehir | Director | Sell | 1,000 | $67.63 | $67,630.00 | 21,562 | |
| 11/18/2013 | Robert Bourg | VP | Sell | 8,000 | $81.70 | $653,600.00 | 66,522 | |
| 11/18/2013 | Tunon Alvaro Garcia | CFO | Sell | 1,824 | $68.11 | $124,232.64 | 41,270 | |
| 11/15/2013 | Tunon Alvaro Garcia | CFO | Sell | 28,000 | $66.79 | $1,870,120.00 | 43,094 | |
| 11/4/2013 | Tunon Alvaro Garcia | CFO | Sell | 9,340 | $66.05 | $616,907.00 | | |
| 8/29/2013 | William Kassling | Director | Sell | 24,000 | $59.13 | $1,419,120.00 | 58,907 | |
| 8/27/2013 | Lee Foster II | Director | Sell | 8,000 | $58.47 | $467,760.00 | 41,026 | |
| 8/26/2013 | William Kassling | Director | Sell | 1,000 | $59.75 | $59,750.00 | 58,907 | |
| 8/23/2013 | Steeg Nickolas Vande | Director | Sell | 16,000 | $59.46 | $951,360.00 | 8,988 | |
| 8/22/2013 | William Kassling | Director | Sell | 61,845 | $59.56 | $3,683,488.20 | 58,907 | |
| 8/21/2013 | William Kassling | Director | Sell | 28,155 | $58.65 | $1,651,290.75 | 58,907 | |
| 8/16/2013 | William Kassling | Director | Sell | 10,000 | $58.15 | $581,500.00 | 58,907 | |
| 8/12/2013 | Brian Hehir | Director | Sell | 2,000 | $58.91 | $117,820.00 | 21,562 | |
| 8/9/2013 | Tunon Alvaro Garcia | CFO | Sell | 79,500 | $58.68 | $4,665,060.00 | 49,094 | |
| 5/31/2013 | Lee B Foster II | Director | Sell | 6,000 | $110.94 | $665,640.00 | | |
| 5/30/2013 | David M Seitz | VP | Sell | 7,000 | $110.20 | $771,400.00 | | |
| 5/30/2013 | Robert J Brooks | Director | Sell | 40,000 | $110.25 | $4,410,000.00 | | |
| 5/23/2013 | Albert J Neupaver | Director | Sell | 60,000 | $109.08 | $6,544,800.00 | | |
| 5/22/2013 | Tunon Alvaro Garcia | CFO | Sell | 30,000 | $110.36 | $3,310,800.00 | | |
| 5/21/2013 | Tunon Alvaro Garcia | CFO | Sell | 29,780 | $110.26 | $3,283,542.80 | | |
| 5/20/2013 | Michael W D Howell | Director | Sell | 8,000 | $111.18 | $889,440.00 | | |
| 5/17/2013 | Karl-Heinz Colmer | VP | Sell | 2,456 | $112.13 | $275,391.28 | | |
(Data available from 1/1/2013 forward)
Wabtec (NYSE WAB) News Headlines
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Wabtec (NYSE:WAB) SEC Filings
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Wabtec (NYSE:WAB) Income Statement, Balance Sheet and Cash Flow Statement
Wabtec (NYSE WAB) Stock Chart for Friday, April, 20, 2018
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