BlackRock Discloses 8.0% Passive Stake in JELD-WEN Holding
Ticker: JELD · Form: SC 13G · Filed: Jan 8, 2024 · CIK: 1674335
| Field | Detail |
|---|---|
| Company | Jeld-Wen Holding, Inc. (JELD) |
| Form Type | SC 13G |
| Filed Date | Jan 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**BlackRock just revealed an 8.0% stake in JELD-WEN, a big institutional vote of confidence.**
AI Summary
BlackRock Inc. reported on January 8, 2024, that as of December 31, 2023, it holds 7,046,739 shares of JELD-WEN Holding, Inc. common stock, representing 8.0% of the company's outstanding shares. This filing indicates BlackRock's significant, but passive, ownership in JELD-WEN, meaning they are not seeking to influence management. For investors, this shows a major institutional investor has a substantial stake, which can be seen as a vote of confidence in JELD-WEN's long-term prospects.
Why It Matters
This filing confirms BlackRock's substantial investment in JELD-WEN, signaling institutional confidence in the company's value, which can reassure current and potential shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institutional investor, which generally reduces volatility and provides stability rather than introducing new risks.
Analyst Insight
A smart investor would view BlackRock's significant, passive stake as a sign of institutional confidence in JELD-WEN's long-term value, but should still conduct their own due diligence on the company's fundamentals and market position.
Key Numbers
- 7,046,739 — Shares Beneficially Owned (Represents the total number of JELD-WEN shares BlackRock Inc. holds.)
- 8.0% — Percentage of Class Outstanding (Indicates BlackRock Inc.'s significant ownership stake in JELD-WEN Holding, Inc.)
- December 31, 2023 — Date of Event (The snapshot date for BlackRock Inc.'s reported holdings in JELD-WEN Holding, Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- JELD-WEN Holding, Inc. (company) — the subject company whose shares are being reported
- 7,046,739 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 8.0% (dollar_amount) — percentage of class outstanding owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event requiring the filing
Forward-Looking Statements
- JELD-WEN Holding, Inc. will likely maintain its current management and strategic direction. (JELD-WEN Holding, Inc.) — high confidence, target: Next 12 months
- BlackRock Inc. will continue to hold a significant, passive stake in JELD-WEN Holding, Inc. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors, like BlackRock Inc., to report beneficial ownership of more than 5% of a company's stock when they hold the shares passively and do not intend to influence or control the company's management or policies. This specific filing by BlackRock Inc. for JELD-WEN Holding, Inc. is filed under Rule 13d-1(b).
Which company filed this SC 13G and for which subject company?
BlackRock Inc. filed this SC 13G. The subject company, whose shares are being reported, is JELD-WEN Holding, Inc. (CIK: 0001674335).
What percentage of JELD-WEN Holding, Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 8.0% of the common stock of JELD-WEN Holding, Inc. as of December 31, 2023.
How many shares of JELD-WEN Holding, Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 7,046,739 shares of JELD-WEN Holding, Inc. common stock.
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, as stated in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 8, 2024 by December 31, 2023 regarding JELD-WEN Holding, Inc. (JELD).