Stantec (NYSE:STN) Cut to “Hold” at StockNews.com

Stantec (NYSE:STN) (TSE:STN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

STN has been the topic of several other research reports. Scotiabank initiated coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating on the stock. Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Stantec Stock Down 4.6 %

Shares of STN stock traded down $3.92 during mid-day trading on Friday, hitting $80.67. The company’s stock had a trading volume of 164,769 shares, compared to its average volume of 118,435. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 36.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. Stantec has a 52-week low of $62.91 and a 52-week high of $88.42. The business has a 50-day moving average price of $81.33 and a 200 day moving average price of $82.38.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new stake in shares of Stantec in the 2nd quarter worth $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Stantec in the second quarter worth about $71,000. Blue Trust Inc. raised its stake in shares of Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Stantec by 45.9% during the 1st 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 in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Stantec by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

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.