WA

WAB WABTEC CORP

2026Q2 · CUSIP 929740108 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,198
Institutions that reported holding it to the SEC
Net increase in holders
+31
Last quarter 1,167 → now 1,198
How unusual is that
Top 20%
Stronger buying than 85% of US stocks
What the filings say, in one paragraph

1,198 funds held WAB at the end of 2026Q2, up 31 from the quarter before. That is stronger buying than 85.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $12.2B(YoY +13.3%), the P/E is 34.5x, return on equity is 12.1%. WAB has had 21 buying rushes in its history, and the price moved +2.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=350 2013Q4: holders=351 2014Q1: holders=363 2014Q2: holders=359 2014Q3: holders=360 2014Q4: holders=408 2015Q1: holders=417 2015Q2: holders=444 2015Q3: holders=440 2015Q4: holders=431 2016Q1: holders=415 2016Q2: holders=444 2016Q3: holders=437 2016Q4: holders=444 2017Q1: holders=416 2017Q2: holders=421 2017Q3: holders=398 2017Q4: holders=422 2018Q1: holders=410 2018Q2: holders=427 2018Q3: holders=439 2018Q4: holders=400 2019Q1: holders=831 2019Q2: holders=732 2019Q3: holders=731 2019Q4: holders=776 2020Q1: holders=677 2020Q2: holders=682 2020Q3: holders=686 2020Q4: holders=739 2021Q1: holders=718 2021Q2: holders=713 2021Q3: holders=722 2021Q4: holders=780 2022Q1: holders=787 2022Q2: holders=763 2022Q3: holders=740 2022Q4: holders=792 2023Q1: holders=814 2023Q2: holders=811 2023Q3: holders=821 2023Q4: holders=888 2024Q1: holders=927 2024Q2: holders=986 2024Q3: holders=983 2024Q4: holders=1067 2025Q1: holders=1040 2025Q2: holders=1124 2025Q3: holders=1095 2025Q4: holders=1133 2026Q1: holders=1167 2026Q2: holders=1198 -431 -215.5 +0 +215.5 +431 3157871258 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 21 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20% — —
2026Q1 Top 10% +0.6% +8.9%
2025Q4 Top 20% -2.2% -1.1%
2025Q2 Top 5% +4.2% +7.6%
2024Q4 Top 5% -1.1% +9.4%
2024Q2 Top 5% +13.8% +23.6%
2024Q1 Top 10% -6.9% -4.1%
2023Q4 Top 10% +9.9% +25.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
336
Change in large funds
+30
Total value they hold
$42.3B
Funds buying for the first time
127
Funds that sold out entirely
96
Price change that quarter
+15.6%
Funds holding puts (bearish)
11
Funds holding calls (bullish)
6

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
34.5
EPS (TTM)
$8.05
EPS YoY
+16.8%
Revenue (TTM)
$12.2B
Revenue YoY
+13.3%
Net margin
11.2%
ROE
12.1%
Debt ratio
50.9%
FCF (TTM)
$1.8B
Dividend (TTM)
$1.18
Quarterly Revenue & EPS
2021-12-31: EPS 1.02 2022-03-31: EPS 0.80 2022-06-30: EPS 0.91 2022-09-30: EPS 0.88 2022-12-31: EPS 0.87 2023-03-31: EPS 0.93 2023-06-30: EPS 1.06 2023-09-30: EPS 1.33 2023-12-31: EPS 1.21 2024-03-31: EPS 1.53 2024-06-30: EPS 1.64 2024-09-30: EPS 1.63 2024-12-31: EPS 1.24 2025-03-31: EPS 1.88 2025-06-30: EPS 1.96 2025-09-30: EPS 1.81 2025-12-31: EPS 1.18 2026-03-31: EPS 2.12 2026-06-30: EPS 2.33 2026-09-30: EPS 2.42 0B 1.6B 3.2B $B 0.00 1.33 2.66 2016201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 30 24 33 42 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-115M377M870M 20162017201820192020202120222023202420252026
Latest quarter $153M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.