FMR LLC discloses 10.7% passive stake in Construction Partners (NASDAQ: ROAD)
Rhea-AI Filing Summary
FMR LLC and Abigail P. Johnson report beneficial ownership of 5,135,798.79 shares of Construction Partners, Inc. CLASS A common stock, representing 10.7% of this share class.
FMR LLC, organized in Delaware, has sole voting power over 5,124,045 shares and sole dispositive power over 5,135,798.79 shares. Abigail P. Johnson is reported with sole dispositive power over the same 5,135,798.79 shares but no voting power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Construction Partners.
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Insights
FMR discloses a passive 10.7% stake in Construction Partners.
FMR LLC and Abigail P. Johnson report beneficial ownership of 5,135,798.79 CLASS A shares of Construction Partners, Inc., equal to 10.7% of the class. FMR holds sole voting power over 5,124,045 shares and sole dispositive power over 5,135,798.79 shares.
The statement characterizes the position as held in the ordinary course of business and explicitly not for the purpose of changing or influencing control. One or more other persons may receive dividends or sale proceeds, but no single such interest exceeds 5% of the outstanding CLASS A shares.
This amended Schedule 13G mainly updates ownership and control details rather than signaling a strategic campaign. Future company filings may provide additional context on any changes in this percentage ownership.
FAQ
What percentage of Construction Partners (ROAD) shares does FMR LLC report owning?
How many Construction Partners (ROAD) shares does FMR LLC have voting power over?
What is Abigail P. Johnson’s reported interest in Construction Partners (ROAD)?
Is FMR LLC’s stake in Construction Partners (ROAD) described as passive or control-seeking?
Do other investors share in dividends from FMR’s Construction Partners (ROAD) holdings?
What type of securities in Construction Partners (ROAD) are covered by this Schedule 13G/A?