AltaRock Partners 13F: Scott Bradford and Mark Massey Value These Stocks

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5. Westinghouse Air Brake Technologies Corp (NYSE:WAB)

In Westinghouse Air Brake Technologies Corp (NYSE:WAB), AltaRock owns 686,426 shares valued at $62.81 million as of the end of June. Another shareholder of the company is Thomas Steyer’s Farallon Capital, which disclosed holding 3.21 million shares in its latest 13F filing. Westinghouse Air Brake Technologies Corp (NYSE:WAB), also known as Wabtec, provides equipment and services to the global freight and transit rail industries. The company has a strong market position in its core products markets and because the industries in which it operates are highly regulated, there are significant entry barriers for new companies. Wabtec also has a well-established base of customers, such as railroad operators and passenger transit authorities, which provides it with an advantage to supply aftermarket products, since its buyers are usually looking for products that they are familiar with and seek to replace the parts from the supplier of the original components.

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