BlackRock Amends Cummins Stake: Ownership Update Filed
Ticker: CMI · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Cummins stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating a change in its ownership of Cummins Inc. common stock as of December 31, 2023. This amendment, number 8, updates their previous holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in Cummins' future performance, potentially influencing other investors' decisions and the stock price.
Why It Matters
This filing shows an update to BlackRock's significant stake in Cummins, which can influence market perception and potentially the stock's trading volume and price.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather a change in their position.
Analyst Insight
Investors should review BlackRock's updated percentage ownership of Cummins (which would be detailed further in the full filing) to understand the magnitude of their change in position and consider if it aligns with their own investment thesis for Cummins.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- CUMMINS INC (company) — the subject company whose shares are being reported
- January 25, 2024 (date) — the date the SC 13G/A amendment was filed
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No: 8 (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 Under the Securities Exchange Act of 1934 (Amendment No: 8)' sections.
Who filed this SC 13G/A?
The SC 13G/A was filed by BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
Which company's shares are the subject of this filing?
The subject company for this filing is CUMMINS INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CUMMINS INC' and 'CUMMINS INC (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires this filing was December 31, 2023, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of CUMMINS INC is 231021106, as listed in the filing under 'CUSIP No. 231021106'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003748 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003748 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:26 Documents 1 Document Format Files Seq Description Document Type Size 1 us2310211063_012524.txt SC 13G/A 11977 Complete submission text file 0001086364-24-003748.txt 13896 Mailing Address BOX 3005 MAIL CODE 60207 500 COLUMBUS IN 47202-3005 Business Address 500 JACKSON ST BOX 3005 MAIL CODE 60207 COLUMBUS IN 47202-3005 8123773842 CUMMINS INC (Subject) CIK : 0000026172 (see all company filings) EIN. : 350257090 | State of Incorp.: IN | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-40030 | Film No.: 24562953 SIC : 3510 Engines & Turbines (CF Office: 06 Technology) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)