Stantec Inc. (NYSE:STN) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,899 shares of the business services provider’s stock after selling 1,908 shares during the period. Cidel Asset Management Inc. owned 0.14% of Stantec worth $12,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Stantec by 121.3% during the third 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 during the last quarter. National Bank of Canada FI lifted its position in shares of Stantec by 54.6% during the 3rd 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 during the last quarter. Toronto Dominion Bank grew its position in shares of Stantec by 198.4% in the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after buying an additional 251,407 shares during the last quarter. Cumberland Partners Ltd grew its position in shares of Stantec by 1,013.6% in the 3rd quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock valued at $9,031,000 after buying an additional 102,125 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its stake in Stantec by 79.1% during 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 in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Price Performance

Shares of NYSE:STN opened at $76.71 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a one year low of $73.18 and a one year high of $88.42. The company has a 50-day simple moving average of $79.95 and a 200-day simple moving average of $81.65. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 34.87 and a beta of 1.01.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.12 billion. Stantec had a return on equity of 16.57% and a net margin of 4.78%. During the same period in the prior year, the business earned $0.85 EPS. On average, analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Analyst Ratings Changes

STN has been the topic of several research reports. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Scotiabank started coverage on Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating on the stock. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stantec 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.