FMR discloses 9.6% ROAD stake in Construction Partners (ROAD)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 4,596,141.77 shares of Construction Partners Inc Class A common stock, equal to 9.6% of the class as of the reporting date.
FMR has sole voting power over 4,584,715.00 shares and sole dispositive power over 4,596,141.77 shares. Abigail P. Johnson is also reported as beneficially owning 4,596,141.77 shares with sole dispositive power but no voting power. The filing states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
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FAQ
What ownership stake does FMR LLC report in Construction Partners Inc (ROAD)?
FMR LLC reports beneficial ownership of 4,596,141.77 Class A shares of Construction Partners Inc, representing 9.6% of the class. This level of ownership makes FMR a significant institutional holder but is disclosed as being held in the ordinary course of business.
How much voting power does FMR LLC have in Construction Partners Inc (ROAD)?
FMR LLC reports sole voting power over 4,584,715.00 Class A shares and no shared voting power. This means FMR alone can vote those shares, which form the core of its 9.6% beneficial ownership position in Construction Partners Inc.
What is Abigail P. Johnson’s reported interest in Construction Partners Inc (ROAD)?
Abigail P. Johnson is reported as beneficially owning 4,596,141.77 Class A shares, or 9.6% of the class, with sole dispositive power but no voting power. Her interest is aligned with FMR LLC’s reported beneficial ownership of the same share amount.
Does FMR LLC indicate any intent to influence control of Construction Partners Inc (ROAD)?
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any control-related transaction, aside from certain nomination activities referenced in regulations.
What type of filing did FMR LLC submit regarding Construction Partners Inc (ROAD)?
FMR LLC submitted an Amendment No. 1 to Schedule 13G for Construction Partners Inc. This form is used to report beneficial ownership of more than 5% of a class of equity securities when held without the intent to change or influence corporate control.