WAB Westinghouse Air Brake Technologies Dashboard

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control. The transit portfolio provides highly engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine, and industrial solutions. Based in Pittsburgh, PA.

Company profile

Ticker

WAB, 0A7Y

Exchange

NYSE

Website

www.wabtec.com

CEO

Rafael Santana

Incorporated

Delaware

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Manufacturing > Heavy Duty Truck Manufacturing

Industry (SIC)

Railroad Equipment

Trinity Industries • Greenbrier Cos. • FreightCar America • Kelso ...

Former names

WABTEC CORP, WESTINGHOUSE AIR BRAKE CO /DE/

SEC CIK

0000943452

Corporate docs

Articles of Incorporation & Bylaws

IRS number

251615902

WAB stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Morgan Stanley Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $100

2 Aug 21

Morgan Stanley analyst Courtney Yakavonis maintains Westinghouse Air Brake (NYSE:WAB) with a Overweight and raises the price target from $99 to $100.

Stocks That Hit 52-Week Highs On Monday

2 Aug 21

Before 10 a.m. ET on Monday, 201 companies set new 52-week highs.

Keybanc Maintains Overweight on Westinghouse Air Brake, Raises Price Target to $95

30 Jul 21

Keybanc analyst Steve Barger maintains Westinghouse Air Brake (NYSE:WAB) with a Overweight and raises the price target from $90 to $95.

Recap: Westinghouse Air Brake Q2 Earnings

29 Jul 21

Wabtec Q2 EPS $1.06 Beats $0.96 Estimate, Sales $2.01B Beat $1.87B Estimate

29 Jul 21

Press releases

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Wabtec Reports 2nd Quarter 2021 Results; Updates 2021 Guidance

29 Jul 21

Strong Cash Flow from Operations of $223 Million; Year-to-Date Cash Flow From Operations of $515 Million Second Quarter Reported GAAP Earnings Per Share of $0.66; Adjusted EPS of $1.06 Raising Full-Year Sales,

Wabtec Declares Regular Quarterly Common Dividend

22 Jul 21

Wabtec Corporation (NYSE:WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on August 27, 2021 to holders of record on August 13, 2021. About

Wabtec Announces Second Quarter 2021 Earnings Release Date

7 Jul 21

Wabtec Corporation (NYSE:WAB) announced it will report 2021 second quarter results before the U.S. financial markets open on July 29, 2021. The company will conduct a conference call to discuss those results with

CSX and Wabtec Partner to Drive Sustainable Transportation Solutions

24 Jun 21

Wabtec Begins Operations at Neighborhood 91 Additive Hub

8 Jun 21

Calendar

29 Jul 21

2 Aug 21

31 Dec 21

Financial summary

Financial statements Chart WAB financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	453.5M	453.5M	453.5M	453.5M	453.5M	453.5M
Cash burn (monthly)	10M	11.2M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	11.3M	12.66M	n/a	n/a	n/a	n/a
Cash remaining	442.2M	440.84M	n/a	n/a	n/a	n/a
Runway (months of cash)	44.2	39.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

WAB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Jul 21	Byron S Foster	Common Stock - Direct	Grant	Aquire A	No	No	0	1,662	0	1,662
27 May 21	John A Mastalerz Jr	Common Stock - Direct	Sell	Dispose S	No	No	82.53	3,103	256.09K	20,187
27 May 21	John A Mastalerz Jr	Common Stock - Direct	Option exercise	Aquire M	No	No	61.33	787	48.27K	23,290
27 May 21	John A Mastalerz Jr	Common Stock - Direct	Option exercise	Aquire M	No	No	71.79	1,050	75.38K	22,503
27 May 21	John A Mastalerz Jr	Common Stock - Direct	Option exercise	Aquire M	No	No	70.635	933	65.9K	21,453
27 May 21	John A Mastalerz Jr	Common Stock - Direct	Option exercise	Aquire M	No	No	66.77	333	22.23K	20,520
27 May 21	John A Mastalerz Jr	NQSO Common Stock	Option exercise	Dispose M	No	No	66.77	333	22.23K	167
27 May 21	John A Mastalerz Jr	NQSO Common Stock	Option exercise	Dispose M	No	No	70.64	933	65.91K	467
27 May 21	John A Mastalerz Jr	NQSO Common Stock	Option exercise	Dispose M	No	No	71.79	1,050	75.38K	350
27 May 21	John A Mastalerz Jr	Non Qualified Stock Option Common Stock	Option exercise	Dispose M	No	No	61.33	787	48.27K	0

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

WAB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	695	724	-4.0%
Opened positions	82	140	-41.4%
Closed positions	111	82	+35.4%
Increased positions	202	202	–
Reduced positions	258	251	+2.8%

13F shares	Current	Prev Q	Change
Total value	13B	12.24B	+6.2%
Total shares	164.33M	167.31M	-1.8%
Total puts	399.5K	370.3K	+7.9%
Total calls	452.2K	329.7K	+37.2%
Total put/call ratio	0.9	1.1	-21.3%

Largest owners	Shares	Value	Change
Vanguard	18.67M	$1.48B	-1.8%
BLK Blackrock	12.37M	$979.13M	+4.0%
Wellington Management	9.9M	$783.36M	+28.5%
PZN Pzena Investment Management	8.22M	$650.77M	+25.5%
STT State Street	7.35M	$581.6M	+3.4%
Barrow Hanley Mewhinney & Strauss	6.78M	$536.67M	-6.2%
Farallon Capital Management	4.95M	$391.6M	-1.0%
JHG Janus Henderson	3.67M	$290.61M	-14.7%
Baillie Gifford & Co	3.66M	$289.84M	-1.6%
Beutel, Goodman & Co	3.28M	$259.74M	+24.1%

Largest transactions	Shares	Bought/sold	Change
Capital International Investors	0	-4.36M	EXIT
Eagle Capital Management	217.61K	-3.61M	-94.3%
Wellington Management	9.9M	+2.19M	+28.5%
D. E. Shaw & Co.	0	-1.76M	EXIT
Norges Bank	0	-1.67M	EXIT
PZN Pzena Investment Management	8.22M	+1.67M	+25.5%
Atalan Capital Partners	1.41M	+1.41M	NEW
40 North Management	1.15M	+1.15M	NEW
Nuveen Asset Management	2.33M	+1.14M	+95.0%
Massachusetts Financial Services	1.1M	+1.1M	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Caterpillar • Knorr-Bremse

Management Discussion

Net sales for the three months ended June 30, 2021 increased by $275 million, or 15.8%, to $2.0 billion compared to the same period in 2020. The increase is primarily due to an organic increase of $81 million in the Transit Segment, due to higher
demand for original equipment door, HVAC, and brakes systems. Additionally, organic sales in the Freight Segment increased $73 million due to an increase in Services and Components, partially offset by lower Equipment sales.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: aggregate, build, commencing, door, drawn, EUR, flat, holding, HVAC, indirect, larger, law, lessening, repayment, request, requested, retired, retiring

Removed: certainty, difficult, explicitly, felt, legislation, quantify, redeem, reduction, securitization

From filing 10-Q 2021 Q2