Stantec Inc. $STN Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 83.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,092 shares of the business services provider’s stock after selling 344,405 shares during the period. Waratah Capital Advisors Ltd. owned 0.06% of Stantec worth $7,125,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in Stantec by 3.5% in the third quarter. Citigroup Inc. now owns 80,944 shares of the business services provider’s stock valued at $8,731,000 after buying an additional 2,744 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of Stantec by 3.5% in the 3rd quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock worth $266,236,000 after acquiring an additional 84,251 shares during the period. Vanguard Group Inc. lifted its position in Stantec by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock valued at $525,584,000 after purchasing an additional 152,170 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Stantec by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 588,242 shares of the business services provider’s stock valued at $63,412,000 after purchasing an additional 75,108 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in Stantec by 12.5% during the 3rd quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock valued at $30,379,000 after purchasing an additional 31,383 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STN has been the topic of a number of recent analyst reports. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Desjardins reissued a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Stantec Price Performance

NYSE:STN opened at $87.91 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $96.46 and its 200 day moving average price is $102.66. Stantec Inc. has a 52-week low of $77.07 and a 52-week high of $114.51. The firm has a market cap of $10.03 billion, a P/E ratio of 28.92 and a beta of 1.12.

Stantec 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.