Cumberland Partners Ltd Decreases Position in Stantec Inc. $STN

Cumberland Partners Ltd decreased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 161,734 shares of the business services provider’s stock after selling 10,429 shares during the period. Stantec comprises approximately 1.1% of Cumberland Partners Ltd’s portfolio, making the stock its 27th biggest holding. Cumberland Partners Ltd’s holdings in Stantec were worth $17,439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STN. Waratah Capital Advisors Ltd. lifted its stake in Stantec by 6.5% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after buying an additional 25,073 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Stantec by 12.5% in the third quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock worth $30,379,000 after acquiring an additional 31,383 shares during the last quarter. Forge First Asset Management Inc. lifted its position in shares of Stantec by 94.2% in the second quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock valued at $9,401,000 after acquiring an additional 42,000 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Stantec by 144.2% during the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after acquiring an additional 5,954 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Stantec by 64.3% during the third quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock valued at $44,494,000 after acquiring an additional 161,400 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of Stantec stock opened at $88.27 on Thursday. The business’s fifty day moving average price is $96.89 and its 200 day moving average price is $103.31. Stantec Inc. has a twelve month low of $75.94 and a twelve month high of $114.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $10.07 billion, a P/E ratio of 29.04 and a beta of 1.12.

Analyst Upgrades and Downgrades

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