BlackRock reports 13,088,821 ACM (ACM) shares held, a 10.1% stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G/A reporting a significant institutional stake in the issuer’s common stock. BlackRock reports beneficial ownership of 13,088,821 shares, representing 10.1% of the outstanding class. It holds sole voting power over 12,273,912 shares and sole dispositive power over 13,088,821 shares, with no shared voting or dispositive authority.
The filing states these securities are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of the issuer, except for activities solely in connection with a nomination under the relevant proxy rule.
Positive
- None.
Negative
- None.
FAQ
What does BlackRock’s Schedule 13G/A filing reveal about ACM?
The filing shows BlackRock beneficially owns 13,088,821 ACM common shares, or 10.1% of the class. It reports sole voting power over 12,273,912 shares and sole dispositive power over all 13,088,821 shares, with no shared authority reported.
Is BlackRock seeking control of ACM according to this Schedule 13G/A?
BlackRock states the shares were acquired and are held in the ordinary course of business, not to change or influence control of the issuer. It notes they are not held in connection with any control-focused transaction, other than activities solely linked to a specific proxy nomination rule.
How much of ACM’s stock does BlackRock report owning?
BlackRock reports beneficial ownership of 13,088,821 ACM common shares, which represents 10.1% of the outstanding class. This level of ownership requires disclosure on Schedule 13G/A as a significant institutional holder exceeding the five percent reporting threshold.