Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Westinghouse Air Brake Technologies Corp (NYSE:WAB) stock reached a significant milestone, hitting an all-time high of $210.91, pushing its market capitalization to $35.82 billion. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This achievement reflects a remarkable 1-year return of 35.29%, underscoring the company’s strong performance over the past year. The rise to this new peak highlights investor confidence and the company’s robust market position, though the current P/E ratio of 32.88 suggests premium pricing. As WAB continues to make strides in the transportation solutions industry, its stock’s upward trajectory signals positive sentiment and growth potential among market participants. For deeper insights into WAB’s valuation and growth prospects, InvestingPro offers 8 additional key tips and a comprehensive Pro Research Report, part of its coverage of 1,400+ US stocks.
In other recent news, Wabtec Corporation has completed the acquisition of Evident’s Inspection Technologies division for $1.78 billion. This acquisition is expected to enhance Wabtec’s digital intelligence offerings in the rail and industrial sectors, with anticipated high single-digit revenue growth and a slight accretion to earnings per share by the second half of 2025. The purchase price reflects approximately 12 times projected 2025 EBITDA, adjusted for transaction costs, tax benefits, and expected cost synergies. In a related financial move, Wabtec has announced the pricing of a $1.25 billion senior notes offering, with proceeds intended to finance part of this acquisition and repay existing debt. Furthermore, Wabtec has expanded its subsidiary guarantors by adding Wabtec US Rail, Inc., which will guarantee several of the company’s outstanding senior notes. Additionally, Wabtec has declared a regular quarterly dividend of 25 cents per share, scheduled for payment on June 10, 2025. These recent developments highlight Wabtec’s strategic financial and operational maneuvers aimed at strengthening its market position and delivering shareholder value.
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