Hillsdale Investment Management Inc. Has $13.86 Million Holdings in Stantec Inc. $STN

Hillsdale Investment Management Inc. decreased its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,500 shares of the business services provider’s stock after selling 7,210 shares during the period. Hillsdale Investment Management Inc.’s holdings in Stantec were worth $13,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Stantec by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock worth $525,584,000 after acquiring an additional 152,170 shares during the last quarter. Alliancebernstein L.P. boosted its position in Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after purchasing an additional 1,558,703 shares during the period. Fiera Capital Corp increased its holdings in shares of Stantec by 3.5% in the third quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock valued at $266,236,000 after purchasing an additional 84,251 shares during the last quarter. Norges Bank acquired a new position in shares of Stantec in the second quarter valued at $157,932,000. Finally, Amundi raised its position in shares of Stantec by 4.4% in the second quarter. Amundi now owns 1,316,468 shares of the business services provider’s stock valued at $152,211,000 after purchasing an additional 55,596 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STN has been the subject of several research analyst reports. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Desjardins restated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Stantec Price Performance

Shares of Stantec stock opened at $90.07 on Friday. 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 capitalization of $10.27 billion, a price-to-earnings ratio of 29.63 and a beta of 1.12. Stantec Inc. has a twelve month low of $75.94 and a twelve month high of $114.51. The company has a 50-day simple moving average of $96.70 and a two-hundred day simple moving average of $103.07.

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.