Shell Asset Management Co. Lowers Stock Holdings in Stantec Inc. $STN

Shell Asset Management Co. lessened its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 73.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,260 shares of the business services provider’s stock after selling 22,932 shares during the quarter. Shell Asset Management Co.’s holdings in Stantec were worth $891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STN. Cibc World Market Inc. raised its position in Stantec by 12.5% during the 3rd quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock worth $30,379,000 after buying an additional 31,383 shares during the last quarter. Caprock Group LLC purchased a new position in Stantec during the third quarter worth about $816,000. Advisors Asset Management Inc. lifted its position in Stantec by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 51,203 shares of the business services provider’s stock valued at $5,520,000 after purchasing an additional 1,707 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in 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 purchasing an additional 267 shares in the last quarter. Finally, Savant Capital LLC raised 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 in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Trading Down 0.3%

NYSE:STN opened at $87.07 on Tuesday. Stantec Inc. has a 52-week low of $75.94 and a 52-week 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 stock has a fifty day simple moving average of $97.18 and a 200-day simple moving average of $103.56. The company has a market capitalization of $9.93 billion, a PE ratio of 28.64 and a beta of 1.12.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Seven investment 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 stock currently has a consensus 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.