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Institutional investors, who own 58% of WSP Global Inc., have considerable influence over the company’s share price, with the top 16 shareholders jointly controlling half the business. No single entity holds a majority stake, ensuring a balance of power within the company’s shareholder structure. This was reported recently, with the largest shareholder, Caisse de dépôt et placement du Québec, holding an 18% stake. The Canada Pension Plan Investment Board and The Vanguard Group, Inc. follow closely behind, owning 14% and 3.4% respectively.
WSP Global’s robust performance is reflected in its recent 4.4% share price gain and a one-year return to shareholders of 12%. Such a favorable performance is beneficial for institutional investors who benchmark their performance against a local market index. Yet, it is worth noting that simultaneous sell-outs by large institutions can cause substantial share price drops.
The general public also has a significant stake in WSP Global, owning 41% of the company, which could notably influence its operations. Insider ownership in WSP Global is less than 1%, a characteristic often seen in large firms. Insiders own shares worth CA$112m.
Despite the dominance of institutional investors, the notable presence of public ownership ensures a balance of power and interests within the company’s shareholder structure. This broad shareholder base could potentially impact the company’s future operations and strategies.
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