Blue Trust Inc. Raises Stake in Stantec Inc. (NYSE:STN)

Blue Trust Inc. grew its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 78.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,739 shares of the business services provider’s stock after acquiring an additional 764 shares during the quarter. Blue Trust Inc.’s holdings in Stantec were worth $140,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning raised its position in Stantec by 6.0% in the 2nd quarter. Creative Planning now owns 10,628 shares of the business services provider’s stock worth $888,000 after purchasing an additional 605 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Stantec during the second quarter valued at about $71,000. SG Americas Securities LLC increased its holdings in shares of Stantec by 177.6% in the third quarter. SG Americas Securities LLC now owns 3,814 shares of the business services provider’s stock worth $307,000 after buying an additional 2,440 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in shares of Stantec by 81.8% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock valued at $1,137,000 after acquiring an additional 6,354 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 196 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Stantec Trading Up 0.8 %

NYSE STN opened at $76.44 on Thursday. 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 fifty-two week low of $73.18 and a fifty-two week high of $88.42. The stock has a market cap of $8.72 billion, a P/E ratio of 34.74 and a beta of 1.01. The stock has a 50 day simple moving average of $80.13 and a two-hundred day simple moving average of $81.69.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Stantec had a net margin of 4.78% and a return on equity of 16.57%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, analysts forecast that Stantec Inc. will post 3.05 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.