EARNEST Partners Discloses 3.56M Hexcel Shares, Sole Voting Power
Ticker: HXL · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 717605
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, shareholder-update
TL;DR
**EARNEST Partners holds 3.56M Hexcel shares with sole voting power, a key institutional stake.**
AI Summary
EARNEST Partners, LLC, an investment advisor based in Atlanta, GA, filed an amendment to its Schedule 13G on February 13, 2024, disclosing its ownership of 3,560,143 shares of Hexcel Corporation (HXL) common stock as of December 31, 2023. This filing indicates EARNEST Partners holds sole voting power over these shares, signaling a significant, but passive, institutional investment in the aerospace and industrial materials company. This matters to investors as it shows a major institutional holder's position, which can influence market perception and liquidity, though the 'passive' nature means they aren't seeking to control the company.
Why It Matters
This filing reveals a significant institutional investor's stake in Hexcel, providing transparency into major ownership and potentially signaling confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This is a routine disclosure of a passive investment, indicating no immediate threat or significant change in company control.
Analyst Insight
Investors should note this filing as a routine update on institutional ownership, confirming a major holder's continued, passive interest in Hexcel. It doesn't suggest any immediate catalysts but provides transparency on the shareholder base.
Key Numbers
- 3,560,143 — Shares with Sole Voting Power (The number of Hexcel Corporation common shares EARNEST Partners, LLC has sole voting power over as of December 31, 2023.)
- 12/31/2023 — Date of Event (The date on which the ownership stake was determined, requiring this filing.)
- 17 — Amendment Number (This is the 17th amendment to the original Schedule 13G filing by EARNEST Partners, LLC for Hexcel Corporation.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and investment advisor
- Hexcel Corporation (company) — the issuer of the securities
- Delaware (company) — state of organization for EARNEST Partners, LLC
- Atlanta, GA (company) — business address city and state for EARNEST Partners, LLC
- Stamford, CT (company) — business address city and state for Hexcel Corporation
Forward-Looking Statements
- EARNEST Partners, LLC will maintain a significant, passive stake in Hexcel Corporation for the foreseeable future. (EARNEST Partners, LLC) — medium confidence, target: 12/31/2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 17) to a Schedule 13G, filed by EARNEST Partners, LLC, to disclose its beneficial ownership of Hexcel Corporation's common stock as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing and where are they organized?
The reporting person is EARNEST Partners, LLC, and its place of organization is Delaware, as stated in Item 4 of the filing.
How many shares of Hexcel Corporation common stock does EARNEST Partners, LLC have sole voting power over?
As of December 31, 2023, EARNEST Partners, LLC has sole voting power over 3,560,143 shares of Hexcel Corporation common stock, according to Item 5 of the filing.
What is the CUSIP number for Hexcel Corporation's common stock?
The CUSIP number for Hexcel Corporation's common stock is 428291108, as listed in the filing.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding HEXCEL CORP /DE/ (HXL).