Skandinaviska Enskilda Banken AB publ Sells 7,801 Shares of Stantec Inc. $STN

Skandinaviska Enskilda Banken AB publ cut its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,557 shares of the business services provider’s stock after selling 7,801 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Stantec were worth $7,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in STN. Westside Investment Management Inc. boosted its holdings in Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after buying an additional 180 shares in the last quarter. Versant Capital Management Inc lifted its position in Stantec by 14.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,499 shares of the business services provider’s stock worth $162,000 after buying an additional 192 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Stantec by 9.6% during the 3rd quarter. Savant Capital LLC now owns 2,608 shares of the business services provider’s stock worth $281,000 after buying an additional 229 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft grew its holdings in shares of Stantec by 7.8% in the 3rd quarter. Baader Bank Aktiengesellschaft now owns 3,701 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

NYSE:STN opened at $89.37 on Friday. Stantec Inc. has a 52 week low of $75.94 and a 52 week high of $114.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day simple moving average is $96.77 and its 200 day simple moving average is $103.21. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 29.40 and a beta of 1.12.

Analysts Set New Price Targets

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