Stantec Inc. $STN Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lessened its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,530 shares of the business services provider’s stock after selling 6,318 shares during the period. Cidel Asset Management Inc. owned approximately 0.14% of Stantec worth $16,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Westside Investment Management Inc. lifted its position in Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after buying an additional 126 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of Stantec in the 2nd quarter valued at $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in Stantec by 4,700.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after buying an additional 376 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Stantec by 122.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after buying an additional 392 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Price Performance

Shares of Stantec stock opened at $87.07 on Friday. The stock has a market capitalization of $9.93 billion, a P/E ratio of 28.64 and a beta of 1.12. Stantec Inc. has a twelve month low of $75.94 and a twelve month high of $114.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $97.35 and its 200 day moving average price is $103.76.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 billion. Stantec had a net margin of 6.06% and a return on equity of 17.37%. As a group, research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

STN has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy”.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.