Hillsdale Investment Management Inc. Sells 7,210 Shares of Stantec Inc. $STN

Hillsdale Investment Management Inc. lowered its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,500 shares of the business services provider’s stock after selling 7,210 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.11% of Stantec worth $13,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STN. Westside Investment Management Inc. raised its holdings in shares of Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after purchasing an additional 180 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Stantec by 14.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,499 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 192 shares during the period. Savant Capital LLC lifted its holdings in shares of Stantec by 9.6% in the third quarter. Savant Capital LLC now owns 2,608 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 229 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its position in shares of Stantec by 7.8% during the third quarter. Baader Bank Aktiengesellschaft now owns 3,701 shares of the business services provider’s stock worth $399,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 0.7%

NYSE STN opened at $90.07 on Friday. Stantec Inc. has a 12 month low of $75.94 and a 12 month high of $114.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $96.70 and a 200-day moving average of $103.07. The company has a market cap of $10.27 billion, a PE ratio of 29.63 and a beta of 1.12.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.