WASHINGTON (dpa-AFX) - Wabtec Corp. (WAB), a transportation solutions provider, announced Tuesday that it has signed a memorandum of understanding or MOU worth $600 million with regional transport…
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Wabtec (WAB) announced Tuesday signing of a $600M memorandum of understanding with Kazakhstan Temir Zholy for 150 FLXdriveTM battery-electric shunters and modernization work to…
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Last week, a tentative deal was announced between unions and the railroad companies averting a national strike that could have seen 125,000 railroad workers go on strike. It also avoided a major economic disruption at a time when a recession remains a real possibility. Since the announcement of the deal on the morning of Sept. 15, railroad stocks are generally lower. Part of the reason for investor apathy around railroad stocks may be that the White House-brokered deal could still fall apart if one of the 12 unions involved fails to ratify a new contract. Essential details in the agreement have yet to be ironed out. Some union leaders feel the agreement’s language was intentionally vague so as not to back the railroads into a corner on various issues such as sick leave and unsafe working conditions. However, as a rule, railroad stocks tend to be good long-term investments. Berkshire Hathaway’s (NYSE: BRK-B ) $26.7 billion purchase of Burlington Northern Santa Fe railroad in February 2010 has certainly proven prosperous.
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The contract marks the first project awarded to Wabtec in Central America.
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WASHINGTON (dpa-AFX) - Wabtec Corp. (WAB) has won an order to supply 300 half-height platform screen doors across Metro de Panama''s L3 monorail stations being built by Hitachi Rail, as part of the…
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Wabtec Corporation (WAB) wins an order to supply 300 half-height platform screen doors across Metro de Panama’s L3 monorail stations being built by Hitachi Rail, as part of the Grupo…
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Major players in the marine engines market are Cummins Inc, Caterpillar, Mitsubishi Heavy Industries Ltd, Volvo Penta, Yanmar Holdings Co Ltd, Wärtsilä, Hyundai Heavy Industries Co Ltd, Daihatsu Diesel Mfg Co Ltd, MAN Energy Solutions, Volkswagen Group, WinGD, Siemens Energy, Wabtec, Isotta Fraschini Motori, CNPC Jichai Power Company Limited, Bergen Engines, Rolls-Royce Holdings and Bergen Engines. Major players in the marine engines market are Cummins Inc, Caterpillar, Mitsubishi Heavy Industries Ltd, Volvo Penta, Yanmar Holdings Co Ltd, Wärtsilä, Hyundai Heavy Industries Co Ltd, Daihatsu Diesel Mfg Co Ltd, MAN Energy Solutions, Volkswagen Group, WinGD, Siemens Energy, Wabtec, Isotta Fraschini Motori, CNPC Jichai Power Company Limited, Bergen Engines, Rolls-Royce Holdings and Bergen Engines.
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https://www.investing.com/news/pro/raymond-james-starts-wabtec-at-outperform-432SI-2875066
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Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) signed an amended and restated credit agreement , increasing the size of its existing revolving credit facility from $1.2 … Full story available on Benzinga.com
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Wabtec (WAB) has announced an expanded credit facility, increasing its size from $1.2B to $1.5B and adding a $250M delayed draw term loan.The facility will now mature in Aug 2027
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Related Stocks: TTWO , MSP , NEWR , WAB , NGMS ,
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Wabtec reported Q2 earnings recently, and I review and determine if it makes sense to finally pull the trigger and buy. Read more about WAB stock here.
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Related Stocks: META , ORCL , WAB , BIIB , AMP ,
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Wabtec (WAB) has inaugurated its first transit performance optimization center for Europe.The new center is located in Derby, UK and will help transit sector customers improve…
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Westinghouse Air Brake Technologies Corporation (NYSE:NYSE:WAB) Q2 2022 Earnings Conference Call August 05, 2022 08:30 AM ET Company Participants Kristine Kubacki - VP of IR Rafael Santana…
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Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) reported second-quarter FY22 net sales growth of 1.8% year-over-year to $2.05 billion, missing the consensus of $2.07 billion. Sales growth was driven by higher Freight segment sales, partially offset by lower Transit segment sales, and was +5.6% Y/Y on a constant currency basis. Adjusted EPS was $1.23 (+16% Y/Y), above the consensus of $1.22. The gross margin expanded … Full story available on Benzinga.com
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Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: WAB ) , reported mixed second-quarter 2022 results wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Quarterly earnings of $1.23 per share beat the Zacks Consensus Estimate by a penny. The bottom line improved 16% year over year, owing to higher sales and increased operating margins. Revenues of $2,048 million lagged the Zacks Consensus Estimate of $2,082.5 million. However, the top line grew 1.8% year over year on the back of higher Freight segment revenues, partially offset by lower Transit segment revenues. Total operating expenses in the reported quarter increased 1.1% year over year to $381 million. The operating ratio (operating expenses as a percentage of revenues) deteriorated 10 basis points from the year-ago quarter''s figure to 18.6%. During the reported quarter, Wabtec completed the acquisitions of Beena Vision and ARINC for $69 million. The company repurchased shares worth $103 million.
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Westinghouse Air Brake (WAB) is scheduled to announce Q2 earnings results on Friday, August 5th, before market open.The consensus EPS Estimate is $1.22 (+15.1% Y/Y) and the…
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Westinghouse Air Brake Technologies Corporation (NYSE:WAB) price is hovering higher on Wednesday, July 27, jumping 3.05% above its previous close. A look at today’s price movement shows that the recent level at last check reads $87.01, with intraday deals fluctuating between $86.21 and $87.49. The company’s 5Y monthly beta was ticking 1.51 while its P/E … Westinghouse Air Brake Technologies Corporation (NYSE: WAB) Shares Rose Recently, But Trouble Could Still Be Around The Corner. Read More »
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Union Pacific (UNP) signed a deal with Westinghouse Air Brake Technologies or Wabtec (WAB) for 600 locomotive modernizations featuring a suite of digital solutions and…
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Fuel-efficient upgrades will cut 350 tons of carbon per locomotive annually Modernization program will recycle 70,000 tons of steel – equivalent to 51,000 passenger cars Investment puts UP on path to net zero greenhouse gas emissions by 2050 OMAHA, Neb. and PITTSBURGH, July 27, 2022…
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Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on August 29, 2022 to holders of record on August 15, 2022. About Wabtec Corporation Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of
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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2022 second quarter results before the U.S. financial markets open on August 5, 2022. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec’s website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be availab
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Upgrades According to HSBC, the prior rating for KE Holdings Inc (NYSE: BEKE ) was changed from Hold to Buy. KE Holdings earned $0.00 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of KE Holdings shows a 52-week-high of $52.55 and a 52-week-low of $7.31. Moreover, at the end of the last trading period, the closing price was at $16.47. According to Raymond James, the prior rating for Frontier Group Holdings Inc (NASDAQ: ULCC ) was changed from Market Perform to Outperform. For the first quarter, Frontier Group Holdings had an EPS of $0.50, compared to year-ago quarter EPS of $0.86. The stock has a 52-week-high of $19.11 and a 52-week-low of $8.19. At the end of the last trading period, Frontier Group Holdings closed at $9.82. According to Raymond James, the prior rating for Southwest Airlines Co (NYSE: LUV ) was changed from Outperform to Strong Buy. In the first quarter, Southwest Airlines showed an EPS of $0.32, compared to $1.72 from the year-ago quarter.
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AGCO Corp. (AGCO) and Westinghouse Air Brake Technologies Corporation (WAB) saw ratings reeled in by Morgan Stanley.
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Wabtec (WAB) was added as new best idea short at Hedgeye as the firm sees the rail equipment company underperforming by more than 30% as it gives back recent gains and "loses this…
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WASHINGTON: The United States has agreed to help Pakistan negotiate a deal with the International Monetary Fund (IMF), diplomatic sources told Dawn on Sunday. Earlier, media reports had claimed that Islamabad was “seeking Washington’s support” for renewing its Extended Fund Facility (EFF) with the IMF. As the largest shareholder, the US has considerable influence over the IMF’s decision-making. Pakistan signed a 39-month, $6bn EFF in July 2019, but the Fund stopped the disbursement of about $3bn when the previous government reneged on its commitments. Currently, Islamabad wants the IMF to not only resume disbursements, but to also expand the size and duration of the programme. On Saturday, Pakistan’s Ambassador to the United States Masood Khan met Assistant US Trade Representative (USTR) for South and Central Asia Christopher Wilson to discuss expanding trade relations between the two countries and encouraging US investments in Pakistan, a statement said. The office of the USTR is responsible for developing and coordinating US international trade, commodity, and for directing investment policy.
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WASHINGTON D.C: Ambassador Masood Khan has said that Pakistan offers huge opportunities to the foreign investors and world’s leading rail companies to enter into a mutually beneficial partnership in the process of modernisation of our railways network, especially indigenization of services…
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The companies did not disclose the financial terms of the deal.
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Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) has acquired Raytheon Technologies Corp''s (NYSE: RTX ) Collins Aerospace business segment ARINC rail solutions, a provider of intelligence-based rail dispatch and back-office solutions. Deal … Full story available on Benzinga.com
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Wabtec (WAB) has acquired Collins Aerospace''s ARINC rail solutions business segment; financial terms of the deal were not disclosed.ARINC''s rail solutions business supports…
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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back-office solutions. The financial terms of the acquisition were not disclosed. “ARINC’s rail solutions systems, coupled with Wabtec’s digital and electronics portfolio, will accelerate the industry’s journey of rail optimization,” said Nalin Jain, Presiden
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November 2021 seems like a long time ago. This is when tech stocks were at the peak of a rally that lasted the better part of two months. In the same month, President Joe Biden signed the $1.2 trillion bipartisan infrastructure bill into law. But as of May 17, only $110 billion , or less than 10%, of the funds had been allocated. Consequently, many infrastructure stocks are still poised to get a tremendous boost from the legislation in the months and years ahead. The law allocates a great deal of money to roads and bridges, specifically $111 billion. But less well-known to many investors is that the law also allocates $66 billion to rail, $8.3 billion for “Western water infrastructure,” and $9.5 billion to clean hydrogen projects . 7 High-Yielding Monthly Dividend Stocks to Buy in June To benefit from the federal government’s meaningful allocations, investors should buy the following infrastructure stocks: Ticker Company Price CAT Caterpillar Inc. $229.94 PLUG Plug Power Inc. $18.51 AQUA Evoqua Water Technologies Corp. $36.49 WAB Westinghouse Air Brake Technologies Corporation $93.81 Infrastructure Stocks to Buy: Caterpillar (CAT) Source: Shutterstock Based in Illinois, Caterpillar (NYSE: CAT ) is the leading maker of construction equipment in the world.
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An increase in railcar storage is no signal to turn bearish on rail equipment stocks, per Wells Fargo.
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Wabtec (WAB) has taken a major step towards network automation for the entire rail industry by launching its new Precision Dispatch System with an order from Canadian National…
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If history is any guide, there may be trouble ahead for shares of Westinghouse Air Brake (NYSE: WAB ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses … Full story available on Benzinga.com
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Westinghouse Air Brake Technolo with ticker code (WAB) have now 9 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 115 and 90 and has a mean target at 103.67. With the stocks previous close at 90.75 this indicates there is a potential upside of 14.2%. The 50 day moving average now sits at 91.16 and the 200 day moving average is 91.04. The market cap for the company is $17,339m. Company Website: https://www.wabteccorp.com [stock_market_widget type="chart" template="basic" color="green" assets="WAB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $19,807m based on the market concensus. Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems.
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Major companies in the train and components market include CRRC Co Ltd, Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd, Hitachi Ltd. , Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril. Major companies in the train and components market include CRRC Co Ltd, Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd, Hitachi Ltd. , Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril.
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Companies Reporting Before The Bell • Deutsche Bank (NYSE: DB ) is projected to report earnings for its first quarter. • Oshkosh (NYSE: OSK ) is estimated to report quarterly earnings at $0.16 per share on revenue of $1.88 billion. • Solid Biosciences (NASDAQ: SLDB ) is projected to report quarterly loss at $0.18 per share on revenue of $2.68 million. • LG Display Co (NYSE: LPL ) is likely to report quarterly earnings at $0.02 per share on revenue of $5.58 billion. • Turning Point Brands (NYSE: TPB ) is likely to report quarterly earnings at $0.52 per share on revenue of $104.59 million. • FirstService (NASDAQ: FSV ) is estimated to report quarterly earnings at $0.71 per share on revenue of $805.30 million. • Driven Brands Hldgs (NASDAQ: DRVN ) is likely to report quarterly earnings at $0.21 per share on revenue of $437.20 million. • Steven Madden (NASDAQ: SHOO ) is projected to report quarterly earnings at $0.51 per share on revenue of $466.56 million. • Helen Of Troy (NASDAQ: HELE ) is projected to report quarterly earnings at $2.
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PITTSBURGH--(BUSINESS WIRE)--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 Corporation Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight
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Related Stocks: DGRO , IVV , IEFA , GSLC , VNQ , VUG , STIP , VLUE , MTB , SPGI , EAGG , FRAF , IAU , SLB , WAB , VRTV , ZM , AME ,
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The tool, developed in partnership with rail technology company Wabtec, uses historical and trending volume data from the Port Optimizer, POLA''s digital portal that tracks shipping data to facilitate more efficient cargo flow.
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Related Stocks: DIS , TER , BA , FISV , INTC , ORCL , WAB , AMGN , BFAM , CAH , CTVA , ALK , CRM , SPGI , ECL , UNH , ZM , FTV ,
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QY Research recently generated a research report titled, Deflection Sheaves market. The research report represents the potential growth opportunities that prevail in the global market. The report is analyzed based on secondary research methodologies acquired from historic and forecast data. The global Deflection Sheaves market is expected to grow substantially and thrive in terms []
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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today the appointment of Byron Foster to its Board of Directors, effective immediately. Foster, 52, is President of the Light Vehicle Drive Systems business of Dana Incorporated, a Fortune 500 global leader in the design and manufacturing of propulsion and energy-management solutions for the mobility industry. Prior to this role, Foster was Senior Vice President and Chief Commercial, Marketing and Communications Officer for D
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PITTSBURGH(BUSINESS WIRE)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 analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtecs website Read More »Wabtec Announces Second Quarter 2021 Earnings Release Date
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PITTSBURGH--(BUSINESS WIRE)--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 analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtecs website at www.WabtecCorp.com and click on Events & Presentations in the Investor Relations section. An audio replay of the call will be availabl
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CSX (NASDAQ: CSX ) and Wabtec (NYSE: WAB ) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions. First, the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas emissions during the start and stop of a locomotive. CSX will put into demonstration Wabtec''s Trip Optimizer Zero-to-Zero system, which is an advanced technology that seeks to start a train from zero mph and then stop the train automatically using various controls. This technology builds upon Wabtec''s Trip Optimizer product, which Wabtec says has resulted in more than 400 million gallons of fuel savings and over 500,000 tons per year of CO 2 reduction since the technology''s inception. CSX also says Full story available on Benzinga.com
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