Grandeur Peak Global Advisors buys $18.5 Million stake in Stantec (USA) (STN)

Stantec (USA) (STN) : Grandeur Peak Global Advisors scooped up 100,902 additional shares in Stantec (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 736,519 shares of Stantec (USA) which is valued at $18.5 Million.Stantec (USA) makes up approximately 3.81% of Grandeur Peak Global Advisors’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in STN in the latest quarter, The investment management firm added 99,200 additional shares and now holds a total of 620,200 shares of Stantec (USA) which is valued at $15.6 Million. Stantec (USA) makes up approx 0.06% of I.g. Investment Management Ltd.’s portfolio.Ubs Asset Management Americas Inc reduced its stake in STN by selling 87,173 shares or 64.76% in the most recent quarter. The Hedge Fund company now holds 47,432 shares of STN which is valued at $1.2 Million.Raymond James Associates boosted its stake in STN in the latest quarter, The investment management firm added 4,361 additional shares and now holds a total of 83,878 shares of Stantec (USA) which is valued at $2.1 Million. Stantec (USA) makes up approx 0.01% of Raymond James Associates’s portfolio.Pembroke Management Ltd boosted its stake in STN in the latest quarter, The investment management firm added 13,900 additional shares and now holds a total of 732,700 shares of Stantec (USA) which is valued at $18.6 Million. Stantec (USA) makes up approx 1.76% of Pembroke Management Ltd’s portfolio.Great West Life Assurance Co Can boosted its stake in STN in the latest quarter, The investment management firm added 93,518 additional shares and now holds a total of 1,640,650 shares of Stantec (USA) which is valued at $42 Million. Stantec (USA) makes up approx 0.15% of Great West Life Assurance Co Can’s portfolio.

Stantec (USA) opened for trading at $25 and hit $25.7 on the upside on Wednesday, eventually ending the session at $25.65, with a gain of 2.68% or 0.67 points. The heightened volatility saw the trading volume jump to 11,273 shares. Company has a market cap of $2,921 M.

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 Upgraded by Raymond James to ” Outperform” on May 13, 2016. 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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