Stantec Inc. $STN Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 14.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 340,323 shares of the business services provider’s stock after selling 58,792 shares during the period. Jupiter Asset Management Ltd. owned 0.30% of Stantec worth $36,955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of STN. Vanguard Group Inc. lifted its holdings in Stantec by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock worth $383,352,000 after acquiring an additional 49,857 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock worth $359,131,000 after purchasing an additional 964,188 shares during the period. Royal Bank of Canada lifted its holdings in shares of Stantec by 0.3% in the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock worth $249,946,000 after purchasing an additional 8,268 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Stantec by 4.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock worth $172,530,000 after buying an additional 97,496 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Stantec by 6.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock worth $156,618,000 after buying an additional 115,849 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Up 0.8%

Shares of NYSE:STN opened at $107.82 on Wednesday. The company has a 50 day moving average of $109.98 and a 200-day moving average of $106.93. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm has a market cap of $12.30 billion, a P/E ratio of 39.35 and a beta of 1.03. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. As a group, analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on STN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. CIBC restated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Stantec Profile

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.