WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
In the published model solve dated 2026-Q2, anchored at $292.23, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) is priced for today's economics sustained for ~5.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 1, 2026 from SEC EDGAR filings.
• Wabtec sells the brakes, controls, and digital signaling that keep freight and transit rail moving, and roughly 56% of its Transit segment revenue comes from the aftermarket on an installed base it already owns, per the FY2025 10-K, which is the recurring-revenue engine most equipment makers lack. • The price is the risk: at about 27 times company-wide operating income, it embeds operating growth held near its self-funding ceiling for roughly five years, a pace only about 28% of comparable fas
Is WAB overvalued? See what's priced in →
1,118 institutional managers reported holding WAB in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 51%. 129 opened new positions that quarter. Held by Vanguard Group, FMR (Fidelity), BlackRock, among others. On the short side, 3.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WAB has cut its share count 9.9% over the past five years, spending $2.76B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 4 years straight; the current rate is $1.00 a share annually. Cash returned over the past three years: $427.00M in dividends and $1.73B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WAB over the trailing three years. Absence is a fact about the company, not a signal. 25 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WAB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +4.9% | -10.4% |
| 2023-10-26 | +4.6% | +21.5% |
| 2024-02-15 | -1.8% | +7.7% |
| 2024-04-25 | +9.9% | -2.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WAB's latest 8-K filings: 2026-07-22 (items 2.02, 7.01, 9.01); 2026-05-15 (items 5.07); 2026-04-22 (items 2.02, 7.01, 9.01); 2026-03-03 (items 7.01, 9.01); 2026-02-11 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 1, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.