Farallon Capital Management 13F: Cuts WAB Stake by $234M

Farallon Capital Trims Position in Westinghouse Air Brake Technologies Corporation

Farallon Capital Management reduced its investment in Westinghouse Air Brake Technologies Corporation WAB on NYSE, cutting its holdings by 35.0% during the period ended May 15, 2026. The latest Form 13F filing with the SEC shows the firm sold 866,600 shares, leaving it with 1,609,403 shares. That remaining stake was valued at approximately $433.9 million based on reported figures. Because 13F filings look backward at holdings from the end of the reporting period, this position may no longer reflect the fund's current holdings today.

Reducing the Stake in Westinghouse Air Brake Technologies Corporation

The fund's reduction lowered its share count from 2,476,003 shares down to 1,609,403 shares. This shift represents a 35.0% decrease in the fund's position for the railroad equipment maker. Investors often watch these quarterly updates to see how large institutional managers adjust their portfolio weights over time.

Westinghouse Air Brake Stock Price and Valuation

Westinghouse Air Brake Technologies Corporation shares trade around $269.60. The company carries a market capitalization of $47.9 billion and a price-to-earnings ratio of 38.2. Over the past year, the stock has traded between a low of $186.06 and a high of $306.64. Its 50-day moving average sits at $286.82, while its 200-day moving average stands at $258.10.

Insider Buying and Selling at Westinghouse Air Brake Technologies Corporation

Sameer Gaur, President of Global Freight Services, sold 1,082 shares of Westinghouse Air Brake Technologies Corporation on June 12, 2026. The shares were sold at a price of $263.50, for a total transaction value of $285,107. Insider sales are common for executive compensation and portfolio management and do not automatically signal a negative outlook.

Analysts Set New Price Targets

Wall Street firms maintain active coverage on Westinghouse Air Brake Technologies Corporation, with a consensus recommendation of strong_buy and a mean price target of $329.58 across 12 analyst opinions. On October 8, 2026, Citigroup maintained its Buy rating while adjusting its price target from $341.00 to $338.00. Earlier, on September 21, 2026, JP Morgan maintained a Neutral rating with a price target of $320.00.

What Westinghouse Air Brake Technologies Corporation Does

Westinghouse Air Brake Technologies Corporation builds locomotives, equipment, systems, and services for freight rail and passenger transit industries worldwide. Founded in 1869 and headquartered in Pittsburgh, Pennsylvania, the company operates through freight and transit segments, delivering propulsion systems, braking equipment, and digital mine and rail optimization solutions.

Looking Ahead for Westinghouse Air Brake Technologies Corporation

Investors tracking Westinghouse Air Brake Technologies Corporation can look toward the company's next earnings report, scheduled for October 21, 2026. Future SEC filings will provide further insight into how institutional managers adjust their positions in the rail sector.