Stantec Inc. (NYSE:STN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,061 shares of the business services provider’s stock after selling 753 shares during the period. SG Americas Securities LLC’s holdings in Stantec were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after acquiring an additional 1,536,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Stantec by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock worth $142,817,000 after purchasing an additional 48,009 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of 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 valued at $116,897,000 after purchasing an additional 513,269 shares during the period. Geode Capital Management LLC grew its holdings in shares of Stantec by 9.7% in the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock valued at $42,781,000 after purchasing an additional 46,267 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Stantec by 198.4% during the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after buying an additional 251,407 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on STN. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Scotiabank began coverage on Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating for the company. Finally, StockNews.com raised 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Stantec Stock Performance

Shares of NYSE:STN opened at $76.42 on Friday. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $88.42. The company’s 50 day moving average is $79.95 and its two-hundred day moving average is $81.65. The company has a market cap of $8.72 billion, a PE ratio of 34.74 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.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.12 billion. Stantec had a net margin of 4.78% and a return on equity of 16.57%. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal 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.