Stock of the Day

June 1, 2020

Wabtec (WAB)

$261.85
-$2.04 (-0.8%)
Market Cap: $44.47B

About Wabtec

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.

Wabtec Bull Case

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

  • The current stock price is around $193, which reflects a positive trend in the company's market performance.
  • Recent data shows a significant improvement in the fifty-two week performance, indicating a strong upward trajectory in stock value.
  • Institutional ownership is high, suggesting that large investors have confidence in the company's future prospects.
  • The company has a relatively low short percentage of float, which may indicate that investors are not betting against the stock, reflecting positive sentiment.
  • With an average daily volume of over 1 million shares, the stock demonstrates good liquidity, making it easier for investors to buy and sell shares without impacting the price significantly.

Wabtec Bear Case

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

  • There has been a recent increase in shares shorted, which could indicate growing skepticism among some investors about the company's future performance.
  • The month-to-month change percentage in shares shorted shows a slight increase, suggesting potential volatility in investor sentiment.
  • Days to cover is relatively high, which means it may take longer for short sellers to cover their positions, indicating potential pressure on the stock price.
  • Despite a positive fifty-two week performance, the stock's recent fluctuations may raise concerns about its stability in the near term.
  • The float size is substantial, which can sometimes lead to slower price movements, making it less attractive for investors seeking quick gains.
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