Cumberland Partners Ltd Trims Stock Position in Stantec Inc. $STN

Cumberland Partners Ltd lessened its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,734 shares of the business services provider’s stock after selling 10,429 shares during the period. Stantec accounts for approximately 1.1% of Cumberland Partners Ltd’s portfolio, making the stock its 27th largest position. Cumberland Partners Ltd owned approximately 0.14% of Stantec worth $17,439,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its holdings in shares of Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the last quarter. Simplex Trading LLC acquired a new position in Stantec during the second quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd lifted its stake in Stantec by 4,700.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock valued at $42,000 after buying an additional 376 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 411 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Stantec Stock Performance

Shares of STN opened at $88.27 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec Inc. has a 52-week low of $75.94 and a 52-week high of $114.51. The company has a 50-day simple moving average of $96.89 and a 200-day simple moving average of $103.31. The company has a market capitalization of $10.07 billion, a PE ratio of 29.04 and a beta of 1.12.

About Stantec

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.