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Downer EDI Limited ( (AU:DOW) ) has issued an announcement.
Allan Gray Australia Pty Ltd and its related bodies corporate have notified Downer EDI Limited that they have ceased to be a substantial shareholder in the company as of 8 January 2026, according to a statutory disclosure lodged under the Corporations Act. The notice, signed by Downer EDI’s company secretary Elizabeth Lee, indicates that changes in relevant interests and associations within Allan Gray’s managed funds and mandates have reduced the group’s voting power below the substantial holding threshold, signalling a shift in the company’s share register that may alter the balance of institutional ownership and potentially influence future governance and market perceptions of the stock.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is an Australia-based company that operates in the engineering, infrastructure and services sectors, providing outsourced services and asset management solutions to public and private clients, including in transport, utilities, and resources-related projects.
YTD Price Performance: -0.88%
Average Trading Volume: 1,035,021
Technical Sentiment Signal: Buy
Current Market Cap: A$5.22B
Find detailed analytics on DOW stock on TipRanks’ Stock Analysis page.