FMR LLC & Abigail Johnson Trim B&W Stake to 3.975%
Ticker: BW-PA · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1630805
| Field | Detail |
|---|---|
| Company | Babcock & Wilcox Enterprises, INC. (BW-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson now own 3.975% of Babcock & Wilcox, a slight reduction in their reported stake.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Babcock & Wilcox Enterprises, Inc. (B&W). As of January 10, 2024, they collectively beneficially own 3,553,092 shares of B&W's common stock, representing 3.975% of the company. This filing indicates a slight decrease in their reported percentage ownership compared to previous filings, which could signal a shift in their investment strategy or a dilution due to new share issuances by B&W.
Why It Matters
This matters to investors because a large institutional investor like FMR LLC reducing its stake, even slightly, can sometimes be interpreted as a lack of conviction in the company's future prospects, potentially influencing other investors' decisions.
Risk Assessment
Risk Level: low — The change in ownership percentage is relatively small and does not indicate a significant divestment that would drastically impact the stock price.
Analyst Insight
A smart investor would note this minor adjustment by a major institutional holder but would not make significant investment decisions based solely on this filing. Further research into Babcock & Wilcox's fundamentals and other market news would be prudent.
Key Numbers
- 3,553,092 — Shares Beneficially Owned (Represents the total common stock shares of Babcock & Wilcox Enterprises, Inc. held by FMR LLC and Abigail P. Johnson.)
- 3.975% — Percent of Class (Indicates the proportion of Babcock & Wilcox Enterprises, Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Babcock & Wilcox Enterprises, Inc. (company) — issuer of the securities
- 3,553,092 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 3.975% (dollar_amount) — percentage of class beneficially owned
- January 10, 2024 (date) — date as of change for the filing
Forward-Looking Statements
- FMR LLC will maintain a significant, but not controlling, stake in Babcock & Wilcox Enterprises, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-01-10
- The slight reduction in percentage ownership will not trigger a major sell-off by other institutional investors. (Babcock & Wilcox Enterprises, Inc.) — medium confidence, target: 2024-04-10
FAQ
Who is the primary reporting person in this SC 13G/A filing?
The primary reporting person in this SC 13G/A filing is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What is the total number of shares of Babcock & Wilcox Enterprises, Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson collectively beneficially own 3,553,092 shares of Babcock & Wilcox Enterprises, Inc. common stock, as reported in Item 7 and Item 4(a) of the filing.
What percentage of Babcock & Wilcox Enterprises, Inc.'s common stock do the reporting persons beneficially own?
The reporting persons, FMR LLC and Abigail P. Johnson, beneficially own 3.975% of Babcock & Wilcox Enterprises, Inc.'s common stock, as stated in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the common stock of Babcock & Wilcox Enterprises, Inc. is 05614L209, as listed in the filing under 'Cusip #05614L209' and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box under 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed:'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 by Abigail P. Johnson regarding Babcock & Wilcox Enterprises, Inc. (BW-PA).