Fiera Capital Corp Reduces Stock Position in Stantec Inc. (NYSE:STN)

Fiera Capital Corp cut its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 2.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,431,078 shares of the business services provider’s stock after selling 62,840 shares during the quarter. Fiera Capital Corp’s holdings in Stantec were worth $190,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of STN. Blue Trust Inc. increased its position in Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 867 shares during the last quarter. US Bancorp DE grew its stake in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 493 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in shares of Stantec during the 3rd quarter valued at about $211,000. FORA Capital LLC bought a new position in shares of Stantec in the 3rd quarter worth approximately $213,000. Finally, SG Americas Securities LLC lifted its stake in shares of Stantec by 177.6% in the 3rd quarter. SG Americas Securities LLC now owns 3,814 shares of the business services provider’s stock worth $307,000 after purchasing an additional 2,440 shares during the period. 63.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STN. Scotiabank assumed coverage on shares of Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stantec Price Performance

Shares of NYSE:STN opened at $76.85 on Thursday. The company has a market capitalization of $8.77 billion, a P/E ratio of 34.93 and a beta of 1.01. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $88.42. The firm’s 50 day simple moving average is $79.19 and its two-hundred day simple moving average is $81.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

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.