Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Downer EDI Limited ( (AU:DOW) ) is now available.
Macquarie Group Limited has lodged a notice stating it and its controlled entities have ceased to be substantial holders in Downer EDI Limited, an Australian-listed company. The filing, signed by Macquarie assistant company secretary Olivia Shepherd, details changes in relevant interests and associations across a wide network of Macquarie-controlled bodies corporate.
The notice signals that Macquarie’s aggregate voting interest in Downer has fallen below the substantial holding threshold, indicating a reduction or restructuring of its position in the stock. This change may alter Downer’s institutional investor mix and could influence market perceptions of the company’s shareholder base, though the filing itself does not disclose specific transaction prices or strategic rationale.
The most recent analyst rating on (AU:DOW) stock is a Hold with a A$6.80 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
YTD Price Performance: -1.55%
Average Trading Volume: 1,347,752
Technical Sentiment Signal: Buy
Current Market Cap: A$5.09B
See more insights into DOW stock on TipRanks’ Stock Analysis page.