Fiera Capital Corp Sells 19,348 Shares of Stantec Inc. (NYSE:STN)

Fiera Capital Corp lowered its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,493,918 shares of the business services provider’s stock after selling 19,348 shares during the period. Fiera Capital Corp owned approximately 2.19% of Stantec worth $200,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in Stantec during the second quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. bought a new stake in Stantec in the 2nd quarter worth $71,000. Blue Trust Inc. increased its holdings in Stantec by 802.8% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 867 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Stantec by 45.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after purchasing an additional 800 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Stock Performance

NYSE STN traded down $3.48 on Friday, reaching $81.11. 74,269 shares of the stock were exchanged, compared to its average volume of 118,018. The firm has a market capitalization of $9.25 billion, a PE ratio of 37.76 and a beta of 1.02. Stantec Inc. has a one year low of $62.91 and a one year high of $88.42. The company’s 50-day simple moving average is $81.36 and its two-hundred day simple moving average is $82.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Analysts expect that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Scotiabank started coverage on shares of Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company.

Stantec Company 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.