Earnest Reports 5.14M Hexcel Shares; 6.5% Ownership Revealed

Rhea-AI Filing Summary

Earnest Partners, LLC reports beneficial ownership in Hexcel Corporation common stock totaling 5,140,542 shares, representing 6.5% of the outstanding class. The filing states Earnest has sole dispositive power over all 5,140,542 shares and sole voting power for 3,315,764 shares, with an additional 806,696 shares subject to shared voting power. The filer identifies itself as an investment adviser and certifies the holdings were acquired and are held in the ordinary course of business, not to influence control of the issuer.

Insights

Financial Analyst

TL;DR: Earnest Partners holds a notable 6.5% stake with full disposal rights, a neutral disclosure on influence.

Earnest Partners reports beneficial ownership of 5.14 million Hexcel shares (6.5% of the class) with sole dispositive power over the entire position and sole voting power over ~3.32 million shares. As an investment adviser filing under the Schedule 13G regime, the disclosure signals a passive ownership posture rather than an activist intent, which reduces immediate governance or strategic change implications for Hexcel. The position size is material enough to attract investor attention but the filing asserts ordinary-course holding.

Corporate Governance Expert

TL;DR: A 6.5% passive stake creates visibility but, per the filing, does not indicate control-seeking behavior.

The schedule clarifies ownership and voting allocations: 3,315,764 shares with sole voting power and 806,696 with shared voting power, while dispositive authority rests solely with Earnest for all 5,140,542 shares. The filer explicitly states the shares are held in the ordinary course and not to influence control, consistent with a Schedule 13G filing. Governance impact appears limited absent further disclosures or coordinated group activity.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 18)

HEXCEL CORP /DE/

(Name of Issuer)

Common Stock

(Title of Class of Securities)

428291108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 428291108

1

Names of Reporting Persons

EARNEST PARTNERS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,315,764.00
6	Shared Voting Power 806,696.00
7	Sole Dispositive Power 5,140,542.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,140,542.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HEXCEL CORP /DE/
(b)	Address of issuer's principal executive offices: TWO STAMFORD PLAZA, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD, CONNECTICUT, 06901.
Item 2.
(a)	Name of person filing: EARNEST Partners, LLC
(b)	Address or principal business office or, if none, residence: 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 428291108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations 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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,140,542
(b)	Percent of class: 6.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,315,764
	(ii) Shared power to vote or to direct the vote: 806,696
	(iii) Sole power to dispose or to direct the disposition of: 5,140,542.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

EARNEST PARTNERS LLC

Signature:	James M. Wilson
Name/Title:	Chief Compliance Officer
Date:	08/12/2025

FAQ

How many Hexcel (HXL) shares does Earnest Partners beneficially own?

Earnest Partners reports 5,140,542 shares beneficially owned, representing 6.5% of the class.

What voting and dispositive powers does Earnest Partners hold in HXL?

The filing reports sole voting power for 3,315,764 shares, shared voting power for 806,696 shares, and sole dispositive power for 5,140,542 shares.

Is Earnest Partners filing as an activist investor or passive holder for HXL?

Earnest Partners identifies itself as an investment adviser and certifies the securities are held in the ordinary course of business and not to influence control, consistent with a passive Schedule 13G filing.

Does any single client of Earnest Partners hold more than 5% of Hexcel?

The filing states no client interest relates to more than five percent of the class.

Who signed the Schedule 13G amendment for Earnest Partners?

The statement is signed by the firm's Chief Compliance Officer certifying the information to be true, complete, and correct.