BlackRock Amends Albemarle Stake, Files SC 13G/A on Dec 31 Holdings
Ticker: ALB-PA · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 915913
| Field | Detail |
|---|---|
| Company | Albemarle CORP (ALB-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Albemarle holdings as of year-end 2023; keep an eye on institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Albemarle Corporation's Common Stock as of December 31, 2023. This filing, Amendment No. 14, updates previous disclosures under Rule 13d-1(b). This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Albemarle's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Albemarle, providing transparency on a significant institutional investor's stake, which can influence market perception and stock price.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock for any significant changes in their Albemarle holdings, as large shifts could indicate a change in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- Albemarle Corporation (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 14 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of Albemarle stock. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding its holdings in Albemarle Corporation.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
What is the CUSIP Number for Albemarle Corporation's Common Stock?
The CUSIP Number for Albemarle Corporation's Common Stock is 012653101, according to 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 in the filing.
What is the significance of 'Amendment No: 14'?
'Amendment No: 14' signifies that this is the fourteenth update or amendment to BlackRock Inc.'s original Schedule 13G filing concerning its ownership in Albemarle Corporation.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding ALBEMARLE CORP (ALB-PA).