State Street Corp Amends ABM Industries Stake Filing
Ticker: ABM · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 771497
| Field | Detail |
|---|---|
| Company | Abm Industries INC /De/ (ABM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street Corp updated its passive stake in ABM Industries, no major changes.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of ABM Industries Inc /DE/ common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, though passive, stake in ABM Industries. This matters to investors because State Street is a large institutional investor, and their holdings can signal confidence or changes in their investment strategy for ABM Industries.
Why It Matters
This filing confirms State Street Corp's ongoing institutional ownership in ABM Industries, providing transparency into a significant holder's position without indicating an active change in strategy.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note State Street Corp's continued passive stake in ABM Industries, but this filing alone doesn't suggest any immediate need for action as it's a routine update of an existing position.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A, reporting its ownership
- ABM INDUSTRIES INC /DE/ (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 24, 2024 (date) — the date the SC 13G/A amendment was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is State Street Corp, a company with CIK 0000093751 and based in Boston, MA.
What company's securities are being reported in this filing?
The securities being reported belong to ABM INDUSTRIES INC /DE/, with CIK 0000771497, and the title of class of securities is 'COMMON STOCK'.
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 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ABM INDUSTRIES INC /DE/ (ABM).