BlackRock (NYSE: APOG) holds 3.24M Apogee shares, a 15.1% stake
Rhea-AI Filing Summary
BlackRock, Inc. amends beneficial ownership disclosure for Apogee Enterprises, Inc. The filing reports 3,238,890 shares of Common Stock beneficially owned, representing 15.1% of the class. The filing shows sole voting power for 3,204,509 shares and sole dispositive power for 3,238,890 shares. The schedule notes that iShares Core S&P Small-Cap ETF holds an interest exceeding 5% of Apogee's outstanding common stock.
Positive
- None.
Negative
- None.
Insights
BlackRock discloses a sizeable 15.1% stake in Apogee via reporting business units.
The amendment lists 3,238,890 shares beneficially owned with 3,204,509 shares of sole voting power, indicating centralized voting and disposition authority within the reporting units. This level of ownership meets the threshold requiring Schedule 13G/A reporting.
Implications depend on future filings or transactions; subsequent disclosures would show whether holdings change or are held for passive/passive-investor treatment.