BlackRock Amends Cabot Corp. Stake (17th Amendment)
Ticker: CBT · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 16040
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Cabot Corp. holdings, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in their ownership stake in Cabot Corporation's Common Stock as of December 31, 2023. This is the 17th amendment to their Schedule 13G filing for Cabot Corporation. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
Changes in large institutional ownership, like BlackRock's, can influence market sentiment and stock price, as it reflects a significant investor's updated view on the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in ownership percentage.
Analyst Insight
Investors should review the full SC 13G/A filing to understand the specific change in BlackRock's ownership percentage and consider if it aligns with their own investment thesis for Cabot Corporation.
Key Numbers
- 17 — Amendment Number (Indicates this is the 17th update to BlackRock's Schedule 13G for Cabot Corporation.)
- 127055101 — CUSIP Number (Unique identifier for Cabot Corporation's Common Stock.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Cabot Corporation (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- 17 (number) — the amendment number of the Schedule 13G
Forward-Looking Statements
- BlackRock's updated stake in Cabot Corporation will be closely watched by other institutional investors. (BlackRock Inc.) — high confidence, target: Q1 2024
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 their ownership in Cabot Corporation.
What is the significance of the 'A' in SC 13G/A?
The 'A' in SC 13G/A indicates that this is an amendment to a previously filed Schedule 13G. Specifically, this is Amendment No. 17, as stated in the filing.
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 explicitly stated in the filing.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of Cabot Corporation, as listed in the filing, is 127055101.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding CABOT CORP (CBT).