Stantec Inc. (NYSE:STN) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 642 shares of the business services provider’s stock after selling 333 shares during the period. Blue Trust Inc.’s holdings in Stantec were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Jennison Associates LLC increased its position in shares of Stantec by 5.2% in the fourth quarter. Jennison Associates LLC now owns 103,304 shares of the business services provider’s stock valued at $8,101,000 after buying an additional 5,129 shares in the last quarter. Cibc World Market Inc. grew its stake in Stantec by 4.5% in the 4th quarter. Cibc World Market Inc. now owns 228,418 shares of the business services provider’s stock valued at $17,914,000 after acquiring an additional 9,802 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Stantec during the 4th quarter valued at about $1,635,000. Canoe Financial LP raised its position in Stantec by 1,011.1% during the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock worth $6,567,000 after acquiring an additional 76,217 shares during the last quarter. Finally, Avanza Fonder AB acquired a new position in Stantec during the fourth quarter worth about $531,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STN. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 9.7 %

NYSE STN opened at $83.77 on Wednesday. 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 $78.07 and a 200-day simple moving average of $80.93. The firm has a market capitalization of $9.56 billion, a PE ratio of 38.08 and a beta of 1.01.

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.