Grandeur Peak Global Advisors buys $18,651,881 stake in Stantec (USA) (STN)

Stantec (USA) (STN) : Grandeur Peak Global Advisors scooped up 62,619 additional shares in Stantec (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 799,138 shares of Stantec (USA) which is valued at $18,651,881.Stantec (USA) makes up approximately 3.79% of Grandeur Peak Global Advisors’s portfolio.

Other Hedge Funds, Including , Girard Securities sold out all of its stake in STN during the most recent quarter. The investment firm sold 8,000 shares of STN which is valued $186,720.Credit Suisse Ag boosted its stake in STN in the latest quarter, The investment management firm added 10,364 additional shares and now holds a total of 50,264 shares of Stantec (USA) which is valued at $1,173,162.Scotia Capital boosted its stake in STN in the latest quarter, The investment management firm added 90,054 additional shares and now holds a total of 225,729 shares of Stantec (USA) which is valued at $5,268,515. Stantec (USA) makes up approx 0.11% of Scotia Capital’s portfolio.Addenda Capital boosted its stake in STN in the latest quarter, The investment management firm added 98,950 additional shares and now holds a total of 372,330 shares of Stantec (USA) which is valued at $8,690,182. Stantec (USA) makes up approx 0.68% of Addenda Capital’s portfolio.

Stantec (USA) opened for trading at $23.75 and hit $23.95 on the upside on Thursday, eventually ending the session at $23.86, with a gain of 0.17% or 0.04 points. The heightened volatility saw the trading volume jump to 19,466 shares. Company has a market cap of $2,718 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 National Bank Financial to ” Outperform” on Aug 17, 2016. Stantec (USA) was Downgraded by Desjardins to ” Hold” on Jun 3, 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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