Stantec Inc. $STN Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 14.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 588,242 shares of the business services provider’s stock after acquiring an additional 75,108 shares during the period. JPMorgan Chase & Co.’s holdings in Stantec were worth $63,412,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. grew its holdings in Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares during the period. Simplex Trading LLC acquired a new position in Stantec in the second quarter valued at approximately $32,000. Tower Research Capital LLC TRC boosted its position in Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Stantec by 122.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after purchasing an additional 392 shares during the period. Finally, McIlrath & Eck LLC purchased a new position in shares of Stantec during the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

STN has been the subject of several analyst reports. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Desjardins reiterated 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 note on Monday, November 17th. Weiss Ratings restated 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 report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Stantec currently has an average rating of “Moderate Buy”.

Stantec Stock Performance

STN opened at $87.91 on Wednesday. The firm’s fifty day simple moving average is $96.46 and its two-hundred day simple moving average is $102.66. Stantec Inc. has a 52-week low of $77.07 and a 52-week high of $114.51. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 28.92 and a beta of 1.12. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53.

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.