BlackRock Amends Construction Partners Stake to 10.0%
Ticker: ROAD · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1718227
| Field | Detail |
|---|---|
| Company | Construction Partners, Inc. (ROAD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 10% of Construction Partners, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Construction Partners, Inc. As of December 31, 2023, BlackRock holds 5,479,061 shares of Class A Common Stock, representing 10.0% of the company. This is an amendment (Amendment No. 3), indicating a change in their previously reported stake, which is important for investors to track institutional interest.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant stake in Construction Partners, Inc., signaling their ongoing confidence in the company's prospects. A large institutional holding can provide stability and attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces risk for other investors.
Analyst Insight
Investors should note BlackRock's continued substantial holding in Construction Partners, Inc. This indicates a large institutional investor's long-term interest, which could be a positive signal, but further research into Construction Partners' fundamentals is always recommended.
Key Numbers
- 5,479,061 — Shares Owned (The total number of Class A Common Stock shares BlackRock beneficially owns in Construction Partners, Inc.)
- 10.0% — Ownership Percentage (The percentage of Construction Partners, Inc.'s Class A Common Stock that BlackRock owns, indicating a significant stake.)
- December 31, 2023 — Reporting Date (The specific date as of which BlackRock's ownership is being reported in this filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Construction Partners, Inc. (company) — the subject company in which shares are held
- 5,479,061 (dollar_amount) — number of Class A Common Stock shares beneficially owned by BlackRock
- 10.0% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring this filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Construction Partners, Inc. (BlackRock Inc.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and the 'Names of reporting persons' on the cover page.
What company is the subject of this filing?
The subject company is Construction Partners, Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What type of securities does BlackRock Inc. own in Construction Partners, Inc.?
BlackRock Inc. owns Class A Common Stock of Construction Partners, Inc., as specified under 'Title of Class of Securities'.
As of what date is the ownership information reported in this filing?
The ownership information is reported as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Construction Partners, Inc. is 21044C107, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Construction Partners, Inc. (ROAD).