Metis Global Partners LLC Grows Stock Position in Stantec Inc. $STN

Metis Global Partners LLC lifted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,304 shares of the business services provider’s stock after purchasing an additional 1,026 shares during the period. Metis Global Partners LLC’s holdings in Stantec were worth $1,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc raised its position in Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock worth $1,096,000 after acquiring an additional 5,954 shares during the period. Genus Capital Management Inc. increased its stake in shares of Stantec by 710.8% in the 2nd quarter. Genus Capital Management Inc. now owns 64,454 shares of the business services provider’s stock worth $6,999,000 after purchasing an additional 56,505 shares in the last quarter. Yousif Capital Management LLC bought a new position in Stantec in the 2nd quarter worth $202,000. Acadian Asset Management LLC raised its holdings in Stantec by 1,520.4% in the 1st quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider’s stock worth $13,418,000 after purchasing an additional 152,037 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new position in Stantec during the second quarter valued at $374,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. CIBC restated an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Stantec Trading Up 0.8%

STN stock opened at $107.82 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $114.51. The business has a 50 day simple moving average of $109.98 and a two-hundred day simple moving average of $106.93. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 39.35 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal year.

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.