Invesco Amends Valmont Industries Stake as of Dec 29, 2023

TL;DR

**Invesco just updated its Valmont Industries stake, watch for sentiment shifts.**

AI Summary

Invesco Ltd., a major investment advisor, filed an amended SC 13G/A on February 1, 2024, indicating a change in its ownership stake in Valmont Industries Inc. (NYSE: VMI) as of December 29, 2023. This filing, an amendment to a previous Schedule 13G, signals that Invesco continues to hold a significant, but potentially altered, passive investment in Valmont Industries. Investors should note that Invesco's continued involvement suggests a level of confidence in Valmont, but any reduction in their stake could signal a shift in their outlook.

Why It Matters

This filing shows that a large institutional investor, Invesco Ltd., has updated its passive ownership in Valmont Industries, which can influence investor sentiment and potentially the stock's trading volume.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor, indicating a change in their holdings rather than an aggressive activist move.

Analyst Insight

An investor should view this as a routine update from a large institutional holder. While it doesn't signal immediate action, it's worth noting Invesco's continued presence. A smart investor would check the full filing for specific changes in share count to understand if Invesco increased or decreased its stake, as this could subtly influence market perception.

Key Players & Entities

• Invesco Ltd. (company) — the reporting person and investment advisor
• Valmont Industries Inc. (company) — the subject company whose shares are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• February 1, 2024 (date) — the filing date of the SC 13G/A
• 920253101 (number) — the CUSIP number for Valmont Industries Common Stock

Forward-Looking Statements

• Invesco Ltd. will continue to hold a significant, passive stake in Valmont Industries Inc. for the foreseeable future. (Invesco Ltd.) — medium confidence, target: 2025-02-01
• Valmont Industries Inc.'s stock price will not experience significant volatility directly due to this routine amendment. (Valmont Industries Inc.) — high confidence, target: 2024-03-01

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000061.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Valmont Industries Inc (Name of Issuer) Common Stock (Title of Class of Securities) 920253101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 920253101 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 290,350 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 303,590 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 303,590 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Valmont Industries Inc (b) Address of Issuer's Principal Executive Offices 1 Valmont Plaza, Omaha, NE 68154 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Common Stock (e) CUSIP Number 920253101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 303,590 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 1.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 290,350 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 303,590 (iv) shared power to dispose or to direct the disposition of 0 Item 5. 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: [ X ] Item 6. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco Advisers, Inc. Invesco Asset Management Deutschland GmbH Invesco Capital Management LLC Item 8. Identification and Classification of Members of the Group. Not Applicable. This schedule is not being filed p

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View this SC 13G/A filing on SEC EDGAR