BlackRock Amends WORLD KINECT CORP Stake (SC 13G/A)
Ticker: WKC · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 789460
| Field | Detail |
|---|---|
| Company | World Kinect Corp (WKC) |
| 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 just updated its passive stake in World Kinect Corp.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of WORLD KINECT CORP's Common Stock as of December 31, 2023. This amendment, number 13, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding WORLD KINECT CORP.
Why It Matters
This filing shows BlackRock, a major institutional investor, has updated its position in WORLD KINECT CORP, which can influence market perception and potentially stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in WORLD KINECT CORP. While this filing doesn't detail specific changes in share count, it confirms BlackRock's ongoing position and adherence to regulatory updates. A smart investor would monitor future filings for any significant changes in BlackRock's ownership percentage, which could signal a more active stance or a substantial increase/decrease in their holdings.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- WORLD KINECT CORP (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 13 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 13)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is WORLD KINECT CORP, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WORLD KINECT CORP' and 'WORLD KINECT CORP (Name of Issuer)'.
What was the date of the event 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.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding WORLD KINECT CORP (WKC).