Northern Trust Holds 10.4% Stake in Kewaunee Scientific
Ticker: KEQU · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 55529
| Field | Detail |
|---|---|
| Company | Kewaunee Scientific CORP /De/ (KEQU) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | medium |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-disclosure
TL;DR
**Northern Trust still owns 10.4% of Kewaunee Scientific, watch for any changes!**
AI Summary
Northern Trust Corporation, a Delaware corporation, and its subsidiary, The Northern Trust Company, filed an amended SC 13G/A on February 13, 2024, disclosing their beneficial ownership in Kewaunee Scientific Corporation. As of December 31, 2023, they collectively own 301,767 shares of Kewaunee's Common Stock, representing 10.4% of the class. This filing indicates a significant institutional stake, which can provide stability but also means a large block of shares could be sold, potentially impacting the stock price.
Why It Matters
A large institutional holding like Northern Trust's 10.4% stake in Kewaunee Scientific can signal confidence in the company, but also means any future changes in their position could significantly influence the stock's liquidity and price.
Risk Assessment
Risk Level: medium — While a large institutional holder can provide stability, a significant reduction in their stake could put downward pressure on the stock price.
Analyst Insight
Investors should note Northern Trust's continued significant stake, which suggests institutional confidence. However, monitor future 13G/A filings for any changes in their position, as a large sell-off could impact share price.
Key Numbers
- 301,767 — Shares Beneficially Owned (This is the total number of Kewaunee Scientific shares Northern Trust Corporation and its subsidiary beneficially own as of December 31, 2023.)
- 10.4% — Percent of Class (This represents the percentage of Kewaunee Scientific's common stock owned by Northern Trust Corporation, indicating a significant institutional stake.)
- 1,000 — Sole Voting Power Shares (This is the number of shares for which Northern Trust Corporation has sole voting power.)
- 300,767 — Shared Voting Power Shares (This is the number of shares for which Northern Trust Corporation has shared voting power.)
- 7,851 — Sole Dispositive Power Shares (This is the number of shares for which Northern Trust Corporation has sole dispositive power.)
Key Players & Entities
- Northern Trust Corporation (company) — the reporting person beneficially owning shares of Kewaunee Scientific Corporation
- The Northern Trust Company (company) — a subsidiary of Northern Trust Corporation, also a reporting person
- Kewaunee Scientific Corporation (company) — the issuer of the securities being reported
- 301,767 (dollar_amount) — aggregate amount of shares beneficially owned by Northern Trust Corporation
- 10.4% (dollar_amount) — percent of class represented by Northern Trust Corporation's beneficial ownership
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- Northern Trust Corporation will maintain a significant stake in Kewaunee Scientific Corporation for the foreseeable future. (Northern Trust Corporation) — medium confidence, target: 2025-02-13
FAQ
What is the primary purpose of this SC 13G/A filing by Northern Trust Corporation?
The primary purpose of this SC 13G/A filing is to amend previous Schedule 13G filings, disclosing Northern Trust Corporation's updated beneficial ownership of Kewaunee Scientific Corporation's Common Stock as of December 31, 2023, under Rule 13d-1(b).
How many shares of Kewaunee Scientific Corporation does Northern Trust Corporation beneficially own in aggregate?
Northern Trust Corporation beneficially owns an aggregate of 301,767 shares of Kewaunee Scientific Corporation's Common Stock, as reported in Row 9 of the filing.
What percentage of Kewaunee Scientific Corporation's class of securities does Northern Trust Corporation's ownership represent?
Northern Trust Corporation's beneficial ownership represents 10.4% of Kewaunee Scientific Corporation's class of securities, as stated in Row 11 of the filing.
What is the CUSIP number for Kewaunee Scientific Corporation's Common Stock?
The CUSIP number for Kewaunee Scientific Corporation's Common Stock is 492854104, as listed on the cover page of the filing.
Which specific rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU).