SCHEDULE: FMR LLC Discloses 10.2% Stake in Wabtec Corp.
Beneficial Ownership Disclosure
FMR LLC and its affiliates, including Abigail P. Johnson, have reported a 10.2% beneficial ownership stake in Westinghouse Air Brake Technologies Corporation as of October 31, 2025.
Summary
- FMR LLC and its affiliates, including Abigail P. Johnson, beneficially own an aggregate of 17,365,916.16 shares of WESTINGHOUSE AIR BRAKE TECH CORP common stock.
- This ownership represents 10.2% of the total outstanding common stock of the issuer.
- FMR LLC holds sole voting power over 14,337,173.69 shares and sole dispositive power over 17,365,916.16 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is identified as beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 7
Explanation: The disclosure of a substantial 10.2% beneficial ownership by a major institutional investor like FMR LLC, held in the ordinary course of business, typically signals a vote of confidence in the issuer's value and long-term prospects.
Positives
- The disclosure of a substantial 10.2% beneficial ownership by a major institutional investor like FMR LLC typically signals a vote of confidence in the issuer's value and long-term prospects.
- The investment is stated to be passive, held in the ordinary course of business and not for the purpose of changing or influencing control, which can be seen as a stable, long-term commitment.
Future Outlook
No forward-looking statements or guidance regarding the issuer's future performance are provided in this filing.
Industry Context
This filing primarily concerns an institutional investor's stake and does not provide specific industry context or analysis of broader industry trends for WESTINGHOUSE AIR BRAKE TECH CORP.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC could be viewed positively by other shareholders, potentially boosting investor confidence and demand for the stock.
- Management: Management may view this as validation of their strategy and performance, given the passive nature of the investment.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2025-10-31 | Date of event which required the filing of this statement (beneficial ownership threshold met). |
| 2025-11-06 | Date of signing of the Schedule 13G by FMR LLC and Abigail P. Johnson. |
Recommendation
holdThe filing indicates a significant, passive stake by a reputable institutional investor, FMR LLC, in WESTINGHOUSE AIR BRAKE TECH CORP. This suggests a long-term investment perspective and a vote of confidence in the company's value. However, a Schedule 13G does not provide operational or financial performance data to justify a stronger recommendation. Investors should consider this ownership as a positive signal but conduct further due diligence on the company's fundamentals before making a definitive investment decision.
Keywords
WESTINGHOUSE AIR BRAKE TECH CORP, Wabtec, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Equity Stake, Fidelity
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