Wabtec (WAB)

• Market cap: $31.5B
• 1 day: -0.73%
• 5 days: 9.06%
• 1 month: -2.94%
• 3 months: -9.93%
• 6 months: -2.51%
• Year to date: -2.61%
• 1 year: 12.78%
• 5 years: 238.10%
• 10 years: 91.22%
• Sector: Industrials
• Industry: Railroads

About: Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.

Employees: 29,500

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

128% more first-time investments, than exits

New positions opened: 162 | Existing positions closed: 71

8% more funds holding

Funds holding: 963 [Q3] → 1,040 (+77) [Q4]

7% more capital invested

Capital invested by funds: $27.8B [Q3] → $29.8B (+$2.04B) [Q4]

4.16% more ownership

Funds ownership: 87.42% [Q3] → 91.58% (+4.16%) [Q4]

8% more call options, than puts

Call options by funds: $44.7M | Put options by funds: $41.4M

7% less funds holding in top 10

Funds holding in top 10: 15 [Q3] → 14 (-1) [Q4]

13% less repeat investments, than reductions

Existing positions increased: 325 | Existing positions reduced: 375

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $194 5% upside
• Avg. target: $206 12% upside
• High target: $220 20% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Goldman Sachs Jerry Revich 45% 1-year accuracy 9 / 20 met price target	9% upside $201	Neutral Maintained	24 Apr 2025
JP Morgan Tami Zakaria 31% 1-year accuracy 11 / 35 met price target	5% upside $194	Neutral Maintained	24 Apr 2025
Susquehanna Bascome Majors 29% 1-year accuracy 14 / 48 met price target	14% upside $210	Positive Maintained	24 Apr 2025
Stephens & Co. Daniel Imbro 6% 1-year accuracy 2 / 32 met price target	20% upside $220	Overweight Reiterated	13 Feb 2025