BlackRock Amends Compass Minerals Stake to 11.9%
Ticker: CMP · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1227654
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock still owns 11.9% of Compass Minerals, a big vote of confidence!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, reporting its ownership in Compass Minerals International Inc. As of December 31, 2023, BlackRock held 4,206,177 shares of Common Stock, representing 11.9% of the company. This is an update to their previous holdings, indicating a slight adjustment in their passive investment. For investors, this shows that a major institutional investor like BlackRock maintains a significant, albeit passive, stake in Compass Minerals, which can be a sign of long-term confidence.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant portion of Compass Minerals, signaling their ongoing, passive interest in the company's performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note BlackRock's continued significant, passive stake as a potential indicator of long-term institutional confidence in Compass Minerals, but this filing alone doesn't suggest immediate buying or selling action.
Key Numbers
- 4,206,177 — Shares Owned (BlackRock's total shares in Compass Minerals International Inc. as of December 31, 2023.)
- 11.9% — Ownership Percentage (BlackRock's percentage of outstanding Common Stock in Compass Minerals International Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Compass Minerals International Inc. (company) — the subject company in which BlackRock holds shares
- 4,206,177 (dollar_amount) — number of shares of Common Stock held by BlackRock
- 11.9% (dollar_amount) — percentage of Common Stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Compass Minerals International Inc. for the foreseeable future. (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, an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in Compass Minerals International Inc.
What is the total number of shares of Compass Minerals International Inc. Common Stock that BlackRock Inc. reported owning?
BlackRock Inc. reported beneficial ownership of 4,206,177 shares of Common Stock in Compass Minerals International Inc. as of December 31, 2023.
What percentage of Compass Minerals International Inc.'s Common Stock does BlackRock Inc. now own?
BlackRock Inc. now beneficially owns 11.9% of the Common Stock of Compass Minerals International Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding COMPASS MINERALS INTERNATIONAL INC (CMP).