State Street Amends Compass Minerals Stake, Holds Common Stock
Ticker: CMP · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1227654
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns Compass Minerals stock, just an update.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of common stock in Compass Minerals International Inc. This filing updates their previous disclosure, reflecting their holdings as of December 31, 2023. This matters to investors because it shows a significant institutional investor maintains a position in Compass Minerals, potentially signaling confidence or a long-term passive investment strategy.
Why It Matters
This filing confirms State Street Corp's continued passive investment in Compass Minerals International Inc, providing transparency on institutional ownership for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or significant market risk.
Analyst Insight
A smart investor would note State Street's continued passive stake in Compass Minerals, but recognize this filing alone doesn't signal a new investment thesis; further research into Compass Minerals' fundamentals and State Street's overall portfolio strategy would be prudent.
Key Players & Entities
- State Street Corp (company) — the reporting person and institutional investor
- Compass Minerals International Inc (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the filing's title and form type.
Who is the reporting person in this filing?
The reporting person is State Street Corp, as explicitly stated under 'NAME OF REPORTING PERSON' on page 2 of the filing.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is Compass Minerals International Inc, as indicated in the filing's title and under 'NAME OF ISSUER'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Compass Minerals International Inc is 20451N101, as listed on the cover page and page 2 of the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified on the cover page of the SC 13G/A.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding COMPASS MINERALS INTERNATIONAL INC (CMP).