Stantec Inc. $STN Stock Position Decreased by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. trimmed its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 83.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,092 shares of the business services provider’s stock after selling 344,405 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Stantec were worth $7,125,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the period. Simplex Trading LLC purchased a new stake in Stantec during the second quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after buying an additional 411 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Stantec by 122.5% in the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after acquiring an additional 392 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of Stantec during the second quarter valued at approximately $143,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Price Performance

NYSE STN opened at $87.91 on Wednesday. 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 $10.03 billion, a PE ratio of 28.92 and a beta of 1.12. Stantec Inc. has a 12-month low of $77.07 and a 12-month high of $114.51. The company has a 50 day moving average price of $96.46 and a two-hundred day moving average price of $102.66.

Wall Street Analysts Forecast Growth

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