Cumberland Partners Ltd Has $9.81 Million Stock Position in Stantec Inc. (NYSE:STN)

Cumberland Partners Ltd boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,290 shares of the business services provider’s stock after acquiring an additional 13,090 shares during the quarter. Cumberland Partners Ltd owned 0.11% of Stantec worth $9,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after purchasing an additional 1,536,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Stantec by 2.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock worth $142,817,000 after buying an additional 48,009 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Stantec by 54.6% during the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after acquiring an additional 513,269 shares in the last quarter. Geode Capital Management LLC boosted its position in Stantec by 9.7% during the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock valued at $42,781,000 after purchasing an additional 46,267 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Stantec by 198.4% during the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after purchasing an additional 251,407 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Scotiabank assumed coverage on Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy”.

Stantec Trading Up 1.5 %

Stantec stock opened at $78.21 on Thursday. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $88.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $8.92 billion, a PE ratio of 35.55 and a beta of 1.01. The business’s 50-day simple moving average is $78.38 and its 200-day simple moving average is $81.06.

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.