WCM Investment Management Updates STERIS plc Stake (SC 13G/A)
Ticker: STE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1757898
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**WCM Investment Management still holds STERIS plc shares, showing continued institutional interest.**
AI Summary
WCM Investment Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of STERIS plc (G8473T100) common stock as of December 31, 2023. This filing, an amendment number 3, updates their previous disclosures under Rule 13d-1(b). For investors, this matters because it shows a significant institutional investor continues to hold a position in STERIS, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms WCM Investment Management's continued institutional ownership in STERIS plc, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
An investor should note the continued institutional ownership by WCM Investment Management, LLC, but this filing alone doesn't provide enough detail (like percentage owned) to make a definitive investment decision. Further research into WCM's investment thesis and STERIS's fundamentals would be prudent.
Key Players & Entities
- WCM Investment Management, LLC (company) — the reporting person filing the SC 13G/A
- STERIS plc (company) — the subject company whose securities are being reported
- Delaware (company) — place of organization for WCM Investment Management, LLC
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- WCM Investment Management, LLC will continue to hold a significant stake in STERIS plc. (WCM Investment Management, LLC) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 3, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is WCM Investment Management, LLC, as clearly identified in the 'Names of Reporting Persons' section and the 'FILED BY' section of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is STERIS plc, as stated under 'Name of Issuer' on the cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common stock of STERIS plc is G8473T100, as listed under 'CUSIP Number' on the cover page.
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 under 'Date of Event which Requires Filing of this Statement'.
Filing Stats: 924 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-01-30 12:06:18
Filing Documents
- formsc13ga.htm (SC 13G/A) — 23KB
- 0001062993-24-001549.txt ( ) — 25KB
Ownership
Item 4. Ownership (a) Amount Beneficially Owned: 4,850,134 (b) Percent of Class: 4.9% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 4,850,134 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,850,134 (iv) Shared power to dispose or to direct the disposition of: 0
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Ownership of more than Five Percent on Behalf of Another Person
Item 6. Ownership of more than Five Percent on Behalf of Another Person. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.
Identification and classification of members of the group
Item 8. Identification and classification of members of the group.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group.
Certifications
Item 10. Certifications. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 30, 2024 /s/ Signature Name/Title David J. Joerger, Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5