Jarislowsky, Fraser Ltd. Discloses Passive Stake in Stantec Inc.
Ticker: STN · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1131383
| Field | Detail |
|---|---|
| Company | Stantec Inc (STN) |
| Form Type | SC 13G |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Jarislowsky, Fraser Ltd. just revealed a passive stake in Stantec, signaling institutional confidence.**
AI Summary
Jarislowsky, Fraser Ltd., a Montreal-based investment manager, filed an SC 13G on February 12, 2024, disclosing its ownership of common shares in STANTEC INC. as of December 31, 2023. This filing indicates that Jarislowsky, Fraser Ltd. holds a significant, passive stake in Stantec, signaling their confidence in the company's long-term prospects. For investors, this means a large institutional investor sees value in Stantec, which can be a positive signal for the stock's stability and future performance.
Why It Matters
This filing shows a major institutional investor, Jarislowsky, Fraser Ltd., has a significant, passive stake in Stantec Inc., which can be interpreted as a vote of confidence in the company's stability and future outlook.
Risk Assessment
Risk Level: low — This filing indicates a passive institutional investment, which generally suggests stability rather than immediate risk.
Analyst Insight
Investors should note the presence of a significant institutional holder like Jarislowsky, Fraser Ltd., as it can contribute to stock stability. However, as this is a passive stake, it doesn't necessarily signal immediate catalysts for price movement.
Key Players & Entities
- STANTEC INC. (company) — the subject company whose shares are being reported
- Jarislowsky, Fraser Ltd. (company) — the reporting person, an investment manager
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Jarislowsky, Fraser Ltd., an investment management firm based in Montreal, Canada, as indicated by the 'FILED BY' section of the filing.
What is the subject company whose shares are being reported?
The subject company is STANTEC INC., identified under the 'SUBJECT COMPANY' and 'NAME OF ISSUER' sections of the filing.
What type of securities are covered by this filing?
This filing covers 'COMMON SHARES' of STANTEC INC., as stated under the 'TITLE OF CLASS OF SECURITIES' section.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common shares of STANTEC INC. is 85472N109, as listed in the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 12, 2024 regarding STANTEC INC (STN).