FMR LLC & Abigail Johnson Report 3.934% Stake in Commercial Metals Co
Ticker: CMC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 22444
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, stake-update
TL;DR
**FMR LLC and Abigail Johnson still own 3.934% of Commercial Metals Co, a slight update to their passive stake.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their holdings in Commercial Metals Co (CMC) as of December 31, 2023. They now collectively beneficially own 4,599,724 shares, representing 3.934% of the company's common stock. This is an amendment to a previous filing, indicating a slight adjustment in their passive ownership stake. This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can signal their confidence in CMC's future performance.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a significant, albeit passive, stake in Commercial Metals Co, which can influence market perception and stability.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate significant risk or change in company control.
Analyst Insight
This filing is a routine update from a passive institutional investor. Investors should note the continued significant stake but not expect immediate market-moving actions based solely on this amendment.
Key Numbers
- 4,599,724 — Shares Beneficially Owned (Total common stock shares of Commercial Metals Co owned by FMR LLC and Abigail P. Johnson.)
- 3.934% — Percent of Class (The percentage of Commercial Metals Co's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 201723103 — CUSIP Number (Unique identifier for Commercial Metals Co's common stock.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Commercial Metals Co (company) — issuer of the common stock
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (company) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a similar passive ownership stake in Commercial Metals Co. (FMR LLC) — high confidence, target: Next 13G/A filing (approx. 1 year)
FAQ
What is the total number of shares of Commercial Metals Co common stock beneficially owned by FMR LLC and Abigail P. Johnson as reported in this filing?
According to Item 4(a) of the filing, FMR LLC and Abigail P. Johnson beneficially own 4,599,724 shares of Commercial Metals Co common stock.
What percentage of Commercial Metals Co's common stock does FMR LLC and Abigail P. Johnson collectively own?
Item 4(b) of the filing states that FMR LLC and Abigail P. Johnson collectively own 3.934% of the class of Commercial Metals Co's common stock.
Under which SEC rule is this Schedule 13G/A filed?
The filing indicates it is filed pursuant to Rule 13d-1(b), as marked by the 'x' in the appropriate box.
What is the CUSIP number for the common stock of Commercial Metals Co mentioned in this filing?
The CUSIP number for Commercial Metals Co's common stock is 201723103, as stated in Item 2(e).
What is the principal business address of FMR LLC, the reporting person?
Item 2(b) specifies FMR LLC's principal business office as 245 Summer Street, Boston, Massachusetts 02210.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding COMMERCIAL METALS Co (CMC).