WABTEC Reports Earnings Below Expectations
On February 12th, WABTEC ($WAB) announced its quarterly earnings, posting $1.68 per share, which was $0.06 lower than the expected $1.74. The company’s revenue totaled $2,583,000,000, compared to the projected $2,644,392,392, resulting in a shortfall of $61,392,392.
Recent Insider Trading at WABTEC
In the last six months, WABTEC insiders have executed 12 trades of $WAB stock on the open market, all of which were sales, with no purchases reported. Below is a summary of the insider trading activity:
- ALBERT J NEUPAVER: 0 purchases, 3 sales—45,722 shares sold for approximately $8,760,604.
- DAVID L DENINNO (Exec VP, General Counsel, Sec.): 0 purchases, 2 sales—10,875 shares sold for about $2,051,107.
- ERIC GEBHARDT (Chief Technology Officer): sold 7,422 shares for around $1,160,177.
- ALICIA HAMMERSMITH (President – Services Group): sold 4,169 shares for roughly $690,140.
- JOHN A JR MASTALERZ (SVP Fin, Corp Controller, CAO): sold 2,796 shares for about $558,395.
- PASCAL SCHWEITZER (President, Transit): sold 2,261 shares for an estimated $369,831.
- ROGERIO MENDONCA (President, Equipment Group): sold 2,000 shares for close to $331,576.
- BRIAN HEHIR: sold 857 shares for approximately $141,533.
- GREGORY SBROCCO (EVP Operations): sold 565 shares for about $113,772.
For detailed insights on insider transactions, visit Quiver Quantitative’s insider trading dashboard.
Hedge Fund Movements Involving WABTEC
A total of 401 institutional investors have recently increased their holdings in WABTEC, while 494 have reduced their positions during the latest quarter. Here are some notable changes in hedge fund positions:
- FMR LLC added 4,299,817 shares (+163.8%) in Q3 2024, totaling approximately $781,577,736.
- PRICE T ROWE ASSOCIATES INC /MD/ sold 2,074,851 shares (-24.7%) in Q3 2024, valued at about $377,145,666.
- WELLINGTON MANAGEMENT GROUP LLP sold 1,416,072 shares (-27.2%), worth around $257,399,407.
- JANUS HENDERSON GROUP PLC reduced its holdings by 1,270,958 shares (-28.7%), amounting to about $231,022,035.
- MORGAN STANLEY decreased its shares by 875,694 (-25.2%), for an estimated value of $159,174,898.
- INVESCO LTD. increased its share count by 727,092 (+19.3%), with an estimated value of $132,163,512.
- MACQUARIE GROUP LTD sold 714,950 shares (-92.4%), totaling approximately $129,956,461.
To explore hedge fund portfolios further, check Quiver Quantitative’s institutional holdings dashboard.
WABTEC’s Government Contracts
WABTEC has seen a total of $515,648 in award payments from government contracts over the past year. Notable awards have contributed to this total.
To stay updated on government contracts involving publicly traded companies, visit Quiver Quantitative’s government contracts dashboard.
Congressional Trading of WABTEC Stock
In the past six months, members of Congress have traded $WAB stock a total of three times, with two purchases and one sale recorded. A summary of these trades follows:
For insights on congressional stock transactions, refer to Quiver Quantitative’s congressional trading dashboard.
This article does not serve as financial advice. For more information, consult Quiver Quantitative’s disclaimers. Inaccuracies may occur due to ticker-mapping errors and other anomalies.
The perspectives presented here belong to the author and may not reflect those of Nasdaq, Inc.
