Van Berkom Associates Lowers stake in Stantec (USA) (STN)

Stantec (USA) (STN) : Van Berkom Associates reduced its stake in Stantec (USA) by 2.14% during the most recent quarter end. The investment management company now holds a total of 1,389,016 shares of Stantec (USA) which is valued at $35,419,908 after selling 30,350 shares in Stantec (USA) , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Stantec (USA) makes up approximately 1.59% of Van Berkom Associates’s portfolio.

Stantec (USA) opened for trading at $25.48 and hit $25.8 on the upside on Wednesday, eventually ending the session at $25.72, with a gain of 0.70% or 0.18 points. The heightened volatility saw the trading volume jump to 8,519 shares. Company has a market cap of $2,415 M.

Other Hedge Funds, Including , Montrusco Bolton Investments reduced its stake in STN by selling 792,714 shares or 65.53% in the most recent quarter. The Hedge Fund company now holds 416,946 shares of STN which is valued at $10,632,123. Stantec (USA) makes up approx 0.83% of Montrusco Bolton Investments’s portfolio. 1st Global Advisors added STN to its portfolio by purchasing 10,042 company shares during the most recent quarter which is valued at $259,987. Stantec (USA) makes up approx 0.04% of 1st Global Advisors’s portfolio.

On the company’s financial health, Stantec (USA) reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.44. The company had revenue of $710.40 million for the quarter, compared to analysts expectations of $590.01 million. The company’s revenue was up 1.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on Stantec (USA). Stantec (USA) was Downgraded by DA Davidson to ” Neutral” on Apr 14, 2016. Stantec (USA) was Downgraded by Raymond James to ” Mkt Perform” on Feb 26, 2016.

Stantec Inc. (Stantec) is engaged in providing planning engineering architecture interior design landscape architecture surveying environmental sciences project management and project economics. The Company’s three business operating units include Buildings Energy & Resources and Infrastructure. The Company’s Buildings business operating unit consists of services in architecture buildings engineering project management interior design and functional planning for vertical infrastructure. The Energy & Resources business operating unit is composed of environmental services industrial engineering services project management and construction management services primarily for private sector clients. Its Infrastructure business operating unit is engaged in the design and engineering services and also project and construction management. It operates in three geographic regional operating units: Canada the United States and International.

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