Stantec Inc. $STN Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 30.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,676 shares of the business services provider’s stock after selling 72,415 shares during the period. Candriam S.C.A.’s holdings in Stantec were worth $17,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Stantec by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock valued at $383,352,000 after purchasing an additional 49,857 shares during the period. The Manufacturers Life Insurance Company raised its position in Stantec by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock valued at $359,131,000 after purchasing an additional 964,188 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Stantec by 0.3% in the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock valued at $249,946,000 after buying an additional 8,268 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Stantec by 4.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock worth $172,530,000 after buying an additional 97,496 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Stantec by 6.5% during the first quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock worth $156,618,000 after buying an additional 115,849 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 2.9%

Shares of NYSE:STN opened at $104.71 on Friday. The firm has a 50 day simple moving average of $109.86 and a 200-day simple moving average of $106.92. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $114.51. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $11.94 billion, a PE ratio of 38.22 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. Finally, CIBC reissued an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Stantec Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.