Stock of the Day

June 1, 2020

Westinghouse Air Brake Technologies (WAB)

$203.95
+$0.01 (+0.0%)
Market Cap: $34.90B

About Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, train cruise controls, and train remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers; heat transfer components and systems; track and switch products; new commuter and switcher locomotives; and turbochargers. Further, the company offers freight locomotive overhauls, modernizations, and refurbishment services; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; and maintenance of way equipment and services. Additionally, it provides railway and freight braking equipment and related components; friction products, such as brake shoes, discs, and pads; heating, ventilation, and air conditioning equipment; access and platform screen doors; pantographs; auxiliary power converter and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

Westinghouse Air Brake Technologies Bull Case

Here are some ways that investors could benefit from investing in Westinghouse Air Brake Technologies Co.:

  • The current stock price is around $191.82, which may present a buying opportunity for investors looking for growth in the transportation sector.
  • Recent insider trading activity indicates confidence in the company's future, with executives recently purchasing shares, suggesting they believe the stock is undervalued.
  • Westinghouse Air Brake Technologies Co. has a strong presence in the freight rail and passenger transit industries, providing essential technology-based solutions that are critical for infrastructure development.
  • Institutional investors hold a significant majority of the stock, with 91.69% owned by hedge funds and other institutional investors, indicating strong institutional confidence in the company's prospects.
  • The company has shown resilience in its operations, with recent sales of shares by insiders totaling over $17 million, reflecting ongoing financial activity and potential growth opportunities.

Westinghouse Air Brake Technologies Bear Case

Investors should be bearish about investing in Westinghouse Air Brake Technologies Co. for these reasons:

  • Insider sales have been significant, with over 90,000 shares sold recently, which could indicate a lack of confidence in the stock's short-term performance.
  • The company has seen a decrease in insider ownership, with insiders now holding only 1.10% of the stock, which may raise concerns about alignment between management and shareholder interests.
  • Recent transactions have shown a decrease in ownership percentages for executives, which could signal potential volatility or uncertainty regarding the company's future direction.
  • While institutional ownership is high, it may also lead to increased volatility if these investors decide to sell off their positions quickly in response to market changes.
  • The overall market conditions for the transportation sector can be unpredictable, which may affect the company's performance and stock price in the near term.
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