Stantec Inc. $STN Stock Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 10.0% during the third quarter, according to its most recent Form 13F filing with the SEC. 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 owned approximately 0.06% of Stantec worth $7,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STN. Jones Financial Companies Lllp boosted its position in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 1,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after buying an additional 22,524 shares in the last quarter. Jane Street Group LLC grew its position in Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after buying an additional 9,325 shares during the last quarter. CWM LLC grew its position in Stantec by 86.6% in the second quarter. CWM LLC now owns 3,177 shares of the business services provider’s stock worth $345,000 after buying an additional 1,474 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new stake in shares of Stantec during the 2nd quarter valued at $202,000. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Up 1.4%

Shares of STN stock opened at $89.37 on Friday. The company has a market capitalization of $10.19 billion, a P/E ratio of 29.40 and a beta of 1.12. 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 firm has a 50-day moving average price of $96.77 and a 200 day moving average price of $103.21.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Desjardins restated a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently 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.