Jupiter Asset Management Ltd. Lowers Stock Holdings in Stantec Inc. $STN

Jupiter Asset Management Ltd. cut its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 17.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 279,249 shares of the business services provider’s stock after selling 61,074 shares during the period. Jupiter Asset Management Ltd.’s holdings in Stantec were worth $30,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after purchasing an additional 22,524 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 9,325 shares during the period. CWM LLC grew its holdings in shares of Stantec by 86.6% in the second quarter. CWM LLC now owns 3,177 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in Stantec during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. 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 stock presently has an average rating of “Moderate Buy”.

Stantec Price Performance

Shares of NYSE:STN opened at $89.37 on Friday. Stantec Inc. has a 12 month low of $75.94 and a 12 month high of $114.51. The firm has a market capitalization of $10.19 billion, a P/E ratio of 29.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The company’s fifty day moving average price is $96.77 and its 200 day moving average price is $103.21.

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.