BlackRock Amends Carpenter Tech Stake, Passive Investment Update
Ticker: CRS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 17843
| Field | Detail |
|---|---|
| Company | Carpenter Technology CORP (CRS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Carpenter Technology Corp. as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of Carpenter Technology Corp. common stock as of December 31, 2023. This amendment (Amendment No. 3) shows BlackRock's updated passive investment position in the specialty metals company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding Carpenter Technology Corp. stock.
Why It Matters
This filing updates BlackRock's passive ownership stake in Carpenter Technology Corp., providing transparency on a significant institutional investor's position. It helps investors understand who holds large blocks of shares and if major players are adjusting their exposure.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, has updated its passive stake in Carpenter Technology Corp. While this filing doesn't detail the exact change in share count, it confirms BlackRock's continued significant, passive interest. Smart investors might monitor subsequent filings for specific share count changes or look for similar updates from other large institutional holders to gauge overall institutional sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Carpenter Technology Corp. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 3 (number) — the specific amendment number of the filing
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 ownership in Carpenter Technology Corp.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors (like BlackRock Inc.) to report their beneficial ownership of 5% or more of a company's stock. The 'A' indicates it's an amendment to a previously filed statement, updating the information.
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 Carpenter Technology Corporation's common stock?
The CUSIP number for Carpenter Technology Corporation's common stock is 144285103, as listed in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CARPENTER TECHNOLOGY CORP (CRS).