Wabtec Signs New Bank Agreement
GlobeNewswire - Thu Jun 23, 7:00AM CDT
Wabtec Corporation (NYSE:WAB) has signed a new bank agreement that includes a $1.2 billion revolving credit facility and a $400 million term loan. The revolving credit facility has a five-year term and replaces the company's previous revolver of $800 million, while the term loan has a three-year maturity.
WAB: 71.85 (+1.25)
Technical Coverage on Railroads Stocks -- Trinity Industries, Norfolk Southern, Canadian Pacific Railway, and Westinghouse Air Brake Technologies
PR Newswire - Thu Jun 09, 7:35AM CDT
On Wednesday, June 08, 2016, the NASDAQ Composite ended the trading session at 4,974.64, up 0.26%; the Dow Jones Industrial Average advanced 0.37% to finish at 18,005.05; and the S&P 500 closed at 2,119.12, up 0.33%. The gains were broad based as all the sectors ended the session in positive. ActiveWallSt.com has initiated coverage on the following equities: Trinity Industries Inc. (NYSE: TRN), Norfolk Southern Corporation (NYSE: NSC), Canadian Pacific Railway Ltd (NYSE: CP), and Westinghouse Air Brake Technologies Corporation (NYSE: WAB). Learn more about these stocks by accessing their free trade alerts at:
NSC: 86.95 (+0.53), TRN: 20.20 (+0.49), WAB: 71.85 (+1.25), CP: 133.01 (-0.34)
Wabtec Signs Contract Worth $21 Million To Provide PTC Equipment/Services For TRRA
GlobeNewswire - Mon May 23, 7:00AM CDT
Wabtec Corporation (NYSE:WAB) has signed a contract worth about $21 million to design, install, test and commission Positive Train Control (PTC) for the Terminal Railroad Association of St. Louis (TRRA).
WAB: 71.85 (+1.25)
Wabtec Increases Dividend 25%; Shareholders Approve Company Proposals At Annual Meeting
GlobeNewswire - Wed May 11, 3:05PM CDT
Wabtec Corporation (NYSE:WAB) today increased its regular quarterly dividend to 10 cents per share, from 8 cents per share. The new dividend rate will be payable initially Aug. 29, 2016 to shareholders of record Aug. 15, 2016.
WAB: 71.85 (+1.25)
Two Acquisitions Expand Wabtec's Capabilities In Track-Related Products/Services
GlobeNewswire - Mon May 09, 5:55AM CDT
Wabtec Corporation (NYSE:WAB) has completed the acquisitions of Unitrac Railroad Materials and Pride Bodies, which provide a variety of track-related products and services. The companies have combined annual sales of about $45 million.
WAB: 71.85 (+1.25)
Wabtec and Faiveley Transport Meet With European Commission; Closing Now Expected In Fourth Quarter
GlobeNewswire - Sun May 01, 10:00PM CDT
Wabtec Corporation (NYSE:WAB) and Faiveley Transport S.A. (Euronext Paris:LEY) met with the European Commission to review the progress of the Phase 1 regulatory approval process following notification to the Commission on April 4.
WAB: 71.85 (+1.25)
Shares of WAB Up 26.7% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Wed Apr 27, 1:47PM CDT
SmarTrend identified an Uptrend for Wabtec (NYSE:WAB) on February 16th, 2016 at $67.13. In approximately 2 months, Wabtec has returned 26.69% as of today's recent price of $85.04.
WAB: 71.85 (+1.25)
Challenging Conditions Cause Westinghouse Air Brake Technologies Corp's Sales to Slump
Matthew DiLallo, The Motley Fool - Motley Fool - Tue Apr 26, 10:17AM CDT
Image source: Trinity Industries. Global economic and currency headwinds continued to plague Westinghouse Air Brake Technologies , or Wabtec, during the first quarter. While those headwinds pushed revenue backward, the company was able to...
TRN: 20.20 (+0.49), WAB: 71.85 (+1.25)
Wabtec Reports First Quarter EPS of $1.02; Affirms Full-Year EPS Guidance
GlobeNewswire - Tue Apr 26, 6:46AM CDT
Wabtec Corporation (NYSE:WAB) today reported results for the 2016 first quarter, including the following:
TRGP: 42.71 (+0.38), WAB: 71.85 (+1.25)
Look for Shares of Wabtec to Potentially Rebound after Yesterday's 1.04% Sell Off
Comtex SmarTrend(R) - Mon Apr 25, 3:19PM CDT
Wabtec (NYSE:WAB) traded in a range yesterday that spanned from a low of $79.98 to a high of $81.09. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $80.20 on volume of 394,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
WAB: 71.85 (+1.25)
What to Watch When Westinghouse Air Brake Technologies Corp. Reports Earnings
Matthew DiLallo, The Motley Fool - Motley Fool - Fri Apr 22, 3:33PM CDT
Image source: Flickr user Michael Hicks. While Westinghouse Air Brake Technologies , or Wabtec, faced challenges in some of its key markets last year, the company expects to deliver record results in 2016. Investors will get their first chance...
GBX: 30.60 (+1.02), WAB: 71.85 (+1.25)
Wabtec Declares Regular Quarterly Dividend, Announces Earnings Release Date
GlobeNewswire - Tue Apr 19, 7:30AM CDT
Wabtec Corporation (NYSE:WAB) declared its regular quarterly dividend of 8 cents per share, payable on May 27, 2016 to holders of record on May 13, 2016.
WAB: 71.85 (+1.25)
Wabtec Signs Contract Worth $30 Million to Provide PTC Equipment/Services for NICTD
GlobeNewswire - Thu Apr 14, 6:00AM CDT
Wabtec Corporation (NYSE:WAB) has signed a contract worth about $30 million to provide equipment and services for a Positive Train Control (PTC) system for the Northern Indiana Commuter Transportation District (NICTD). The contract is with Parsons Transportation Group (PTG) which will execute the role of System Integrator.
WAB: 71.85 (+1.25)
Shares of WAB Up 14.8% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Mon Mar 07, 5:43PM CST
SmarTrend identified an Uptrend for Wabtec (NYSE:WAB) on February 16th, 2016 at $67.13. In approximately 3 weeks, Wabtec has returned 14.79% as of today's recent price of $77.05.
WAB: 71.85 (+1.25)
Look for Shares of Wabtec to Potentially Pullback after Yesterday's 8.12% Rise
Comtex SmarTrend(R) - Wed Feb 10, 5:44PM CST
Wabtec (NYSE:WAB) traded in a range yesterday that spanned from a low of $60.83 to a high of $65.93. Yesterday, the shares gained 8.1%, which took the trading range above the 3-day high of $64.69 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
WAB: 71.85 (+1.25)
Wabtec Reports Share Repurchase Activity, New Board Authorization for Up to $350 Million
GlobeNewswire - Wed Feb 10, 5:45AM CST
Wabtec Corporation (NYSE:WAB) said it repurchased about 4.6 million shares of its common stock for about $365 million during the fourth quarter of 2015. The company also said its Board of Directors yesterday approved a new share buyback authorization for up to $350 million worth of its stock. This new buyback authorization supersedes the previous authorization of $350 million, which had about $33 million remaining.
WAB: 71.85 (+1.25)
Shares of WAB Down 28.7% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri Feb 05, 10:47AM CST
SmarTrend identified a Downtrend for Wabtec (NYSE:WAB) on October 19th, 2015 at $90.12. In approximately 4 months, Wabtec has returned 28.69% as of today's recent price of $64.26.
WAB: 71.85 (+1.25)
Downtrend Call Working As Wabtec Stock Falls 28.7% (WAB)
Comtex SmarTrend(R) - Fri Feb 05, 10:02AM CST
SmarTrend identified a Downtrend for Wabtec (NYSE:WAB) on October 19th, 2015 at $90.12. In approximately 4 months, Wabtec has returned 28.69% as of today's recent price of $64.26.
WAB: 71.85 (+1.25)
Downgrade Alert for Wabtec (WAB)
Comtex SmarTrend(R) - Thu Feb 04, 8:00AM CST
Wabtec (NYSE:WAB) was downgraded from Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $63.73 on volume of 671,000 shares, below average daily volume of 1.2 million. Wabtec Corporation, doing business as Westinghouse Air Brake Technologies Corporation, provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec also builds new locomotives and provides aftermarket services.
WAB: 71.85 (+1.25)