7,507 Shares in Stantec Inc. $STN Acquired by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,507 shares of the business services provider’s stock, valued at approximately $816,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in shares of 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 in the last quarter. Simplex Trading LLC acquired a new stake in shares of Stantec during the second quarter worth $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Stantec by 4,700.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 376 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 purchasing an additional 392 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Down 0.3%

Stantec stock opened at $87.07 on Monday. Stantec Inc. has a 12 month low of $75.94 and a 12 month high of $114.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The stock has a market cap of $9.93 billion, a P/E ratio of 28.64 and a beta of 1.12. The company’s fifty day simple moving average is $97.35 and its 200-day simple moving average is $103.72.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 17.37% and a net margin of 6.06%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. As a group, sell-side analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Desjardins restated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy”.

Stantec Profile

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.