Fiera Capital Corp Cuts Holdings in Stantec Inc. (NYSE:STN)

Fiera Capital Corp decreased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,493,918 shares of the business services provider’s stock after selling 19,348 shares during the quarter. Fiera Capital Corp’s holdings in Stantec were worth $200,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of STN. Vanguard Group Inc. grew its position in Stantec by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after acquiring an additional 133,687 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Stantec by 15.1% in the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock valued at $265,177,000 after acquiring an additional 415,993 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Stantec by 175.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock worth $105,850,000 after purchasing an additional 806,869 shares during the period. National Bank of Canada FI boosted its position in Stantec by 11.1% during the 2nd quarter. National Bank of Canada FI now owns 940,461 shares of the business services provider’s stock valued at $77,860,000 after acquiring an additional 93,823 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after purchasing an additional 422,538 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

STN has been the topic of several recent analyst reports. Scotiabank started coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

Stantec Price Performance

STN traded down $3.48 on Friday, hitting $81.11. 74,269 shares of the company’s stock were exchanged, compared to its average volume of 118,018. Stantec Inc. has a fifty-two week low of $62.91 and a fifty-two week high of $88.42. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 37.76 and a beta of 1.02. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $81.36 and a 200-day moving average price of $82.37.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. As a group, equities analysts anticipate that Stantec Inc. will post 3.07 earnings per share for the current year.

About Stantec

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.