Fiera Capital Corp Lowers Stock Position in Stantec Inc. (NYSE:STN)

Fiera Capital Corp lessened its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,431,078 shares of the business services provider’s stock after selling 62,840 shares during the period. Fiera Capital Corp owned 2.13% of Stantec worth $190,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after acquiring an additional 1,536,475 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Stantec by 54.6% during the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after purchasing an additional 513,269 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Stantec by 198.4% in the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after purchasing an additional 251,407 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of Stantec by 1,013.6% in the 3rd quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock worth $9,031,000 after buying an additional 102,125 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in Stantec by 79.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock valued at $15,966,000 after buying an additional 87,709 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 0.5 %

Stantec stock opened at $76.85 on Thursday. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 34.93 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $88.42. The stock has a fifty day simple moving average of $79.19 and a two-hundred day simple moving average of $81.36.

Analyst Upgrades and Downgrades

Several research firms have commented on STN. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating for the company. Finally, StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.