Fiera Capital Corp Increases Holdings in Stantec Inc. $STN

Fiera Capital Corp lifted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,469,545 shares of the business services provider’s stock after acquiring an additional 84,251 shares during the period. Fiera Capital Corp owned 2.16% of Stantec worth $266,236,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. lifted its holdings in shares of Stantec by 6.5% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock worth $44,613,000 after acquiring an additional 25,073 shares during the last quarter. Cibc World Market Inc. raised its position in Stantec by 12.5% in the 3rd quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock worth $30,379,000 after purchasing an additional 31,383 shares during the period. Forge First Asset Management Inc. lifted its stake in Stantec by 94.2% in the second quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after purchasing an additional 42,000 shares during the last quarter. Atria Investments Inc lifted its stake in Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock worth $1,096,000 after purchasing an additional 5,954 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Stantec by 64.3% during the third quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock valued at $44,494,000 after buying an additional 161,400 shares during the period. 63.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STN shares. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Stantec presently has an average rating of “Moderate Buy”.

Stantec Stock Performance

Shares of Stantec stock opened at $89.37 on Friday. The firm has a market cap of $10.19 billion, a P/E ratio of 29.40 and a beta of 1.12. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec Inc. has a 12 month low of $75.94 and a 12 month high of $114.51. The stock’s fifty day moving average price is $96.77 and its 200-day moving average price is $103.21.

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.