Louisbourg Investments Inc. Sells 10,419 Shares of Stantec Inc. (NYSE:STN)

Louisbourg Investments Inc. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,819 shares of the business services provider’s stock after selling 10,419 shares during the quarter. Louisbourg Investments Inc.’s holdings in Stantec were worth $3,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in STN. The Manufacturers Life Insurance Company boosted its holdings in shares of Stantec by 121.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after purchasing an additional 1,536,475 shares in the last quarter. National Bank of Canada FI boosted its stake in Stantec by 54.6% in the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock worth $116,897,000 after buying an additional 513,269 shares in the last quarter. Toronto Dominion Bank grew its position in Stantec by 198.4% during the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after acquiring an additional 251,407 shares during the last quarter. Cumberland Partners Ltd raised its stake in shares of Stantec by 1,013.6% during the third quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock worth $9,031,000 after acquiring an additional 102,125 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its holdings in shares of Stantec by 79.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock worth $15,966,000 after acquiring an additional 87,709 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Stantec stock opened at $77.28 on Wednesday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $88.42. The firm has a market cap of $8.81 billion, a P/E ratio of 35.13 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $79.40 and a 200-day moving average of $81.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STN. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Scotiabank began coverage on Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stantec currently has an average rating of “Moderate Buy”.

Stantec Company Profile

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.