Wellington Management Amends WABTEC Stake as of Dec 29, 2023
Ticker: WAB · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 943452
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Wellington Management updated its WABTEC holdings, signaling ongoing institutional interest.**
AI Summary
Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Westinghouse Air Brake Technologies Corp (WABTEC) common stock as of December 29, 2023. This update, filed under Rule 13d-1(b), signals that Wellington continues to hold a significant, but potentially adjusted, passive stake in WABTEC. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) from major players, even if the exact percentage change isn't detailed in this snippet.
Why It Matters
This filing shows that a major institutional investor, Wellington Management, is still actively managing its position in WABTEC, which can impact investor sentiment and stock liquidity.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note that Wellington Management Group LLP, a significant institutional holder, continues to monitor and adjust its position in WABTEC. While this filing doesn't detail the change in ownership percentage, it confirms ongoing institutional interest. Smart investors might look for the full filing to see the exact percentage owned and compare it to previous filings to gauge Wellington's sentiment.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event which required the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
- 929740108 (number) — the CUSIP number for Westinghouse Air Brake Technologies Corp Common Stock
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by Wellington Management Group LLP, as indicated in the 'FILED BY' section of the filing.
What company's stock is the subject of this filing?
The subject company for this filing is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP, also known as WABTEC CORP, as stated under 'SUBJECT COMPANY' and 'Name of Issuer'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the document.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION is 929740108, as listed in the filing.
Filing Stats: 1,785 words · 7 min read · ~6 pages · Grade level 9.9 · Accepted 2024-02-08 10:24:12
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 31KB
- 0000902219-24-000217.txt ( ) — 33KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 929740108 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 929740108 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,493,434 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,760,215 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,760,215 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12. TYPE OF REPORTING PERSON HC CUSIP No. 929740108 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,493,434 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,760,215 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,760,215 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12. TYPE OF REPORTING PERSON HC CUSIP No. 929740108 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,493,434 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,760,215 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,760,215 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (b) Address of Issuer's Principal Executive Offices 30 Isabella Street Pittsburgh, PA 15212 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 929740108 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 8