Wellington Mgmt Amends Primoris Svc (PRIM) Stake as of Dec 29, 2023

Ticker: PRIM · Form: SC 13G/A · Filed: 2024-02-08T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, SC-13G, portfolio-update

Related Tickers: PRIM

TL;DR

**Wellington Management Group updated its Primoris Services (PRIM) stake, signaling continued institutional interest.**

AI Summary

Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their beneficial ownership of Primoris Services Corporation (NYSE: PRIM) common stock as of December 29, 2023. This filing, Amendment No. 3, updates their previous disclosures, signaling that Wellington Management continues to be a significant institutional holder in Primoris Services. For investors, this matters because large institutional holdings can provide a degree of stability and confidence in a stock, as these firms typically conduct extensive due diligence.

Why It Matters

This filing shows that a major institutional investor, Wellington Management Group LLP, is still actively managing its position in Primoris Services, which can influence market perception and liquidity.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor, indicating ongoing portfolio management rather than a sudden, drastic change in sentiment.

Analyst Insight

Investors should note that a major institutional investor like Wellington Management Group LLP continues to hold a position in Primoris Services, suggesting ongoing confidence or strategic interest. While this filing doesn't reveal specific changes in share count, it confirms their continued involvement, which could be a positive signal for long-term holders.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 3.

Who is the subject company of this filing?

The subject company is Primoris Services Corporation, identified by the CIK 0001361538 and CUSIP Number 74164F103.

Who is the reporting person making this filing?

The reporting person is WELLINGTON MANAGEMENT GROUP LLP, with CIK 0000902219.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

Filing Stats: 1,781 words · 7 min read · ~6 pages · Grade level 9.8 · Accepted 2024-02-08 10:17:35

Filing Documents

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * Primoris Services Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 74164F103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 74164F103 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,219,244 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,558,081 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,558,081 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.92% 12. TYPE OF REPORTING PERSON HC CUSIP No. 74164F103 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 0 6. SHARED VOTING POWER 1,219,244 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,558,081 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,558,081 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.92% 12. TYPE OF REPORTING PERSON HC CUSIP No. 74164F103 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 0 6. SHARED VOTING POWER 1,219,244 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,558,081 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,558,081 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.92% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Primoris Services Corporation (b) Address of Issuer's Principal Executive Offices 2300 N. Field Street, Suite 1900 Dallas, TX 75201 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 74164F103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 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 Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association 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) [ ] Group, i

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