30,069 Stantec Inc. $STN Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 79.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,899 shares of the business services provider’s stock after buying an additional 30,069 shares during the quarter. Candriam S.C.A.’s holdings in Stantec were worth $4,605,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bank of America Corp DE increased its position in Stantec by 12.6% during the 1st quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock valued at $98,555,000 after purchasing an additional 127,229 shares during the period. Wellington Management Group LLP bought a new position in Stantec in the 2nd quarter worth $11,908,000. BlackRock Inc. purchased a new stake in shares of Stantec in the 2nd quarter worth about $26,494,000. Quantinno Capital Management LP lifted its position in shares of Stantec by 59.8% in the 1st quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock worth $5,090,000 after purchasing an additional 22,036 shares during the period. Finally, Amundi lifted its position in shares of Stantec by 27.2% in the 2nd quarter. Amundi now owns 1,050,103 shares of the business services provider’s stock worth $86,775,000 after purchasing an additional 224,462 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Stantec Price Performance

STN opened at $75.70 on Wednesday. The stock has a fifty day simple moving average of $70.69 and a two-hundred day simple moving average of $78.90. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 18.43 and a beta of 0.94. Stantec Inc. has a 12-month low of $65.35 and a 12-month high of $108.52.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Stantec had a return on equity of 19.70% and a net margin of 5.91%. Research analysts predict that Stantec Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Weiss Ratings raised Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen downgraded Stantec from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Profile

Stantec is a global professional services firm that provides engineering, architecture, environmental consulting, and related services. Its work supports the planning, design, and delivery of projects in areas including water, transportation, buildings, energy, and community development. Founded in Edmonton, Alberta, in 1954 as D.R. Stanley Associates, the company later adopted the Stantec name. It is headquartered in Edmonton and serves public- and private-sector clients across North America and in international markets.