Vontobel Holding Ltd. Sells 13,542 Shares of Stantec Inc. (NYSE:STN)

Vontobel Holding Ltd. reduced its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 693,123 shares of the business services provider’s stock after selling 13,542 shares during the period. Vontobel Holding Ltd. owned about 0.61% of Stantec worth $54,311,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STN. Jennison Associates LLC increased its stake in shares of Stantec by 5.2% in the 4th quarter. Jennison Associates LLC now owns 103,304 shares of the business services provider’s stock worth $8,101,000 after purchasing an additional 5,129 shares in the last quarter. Cibc World Market Inc. grew its holdings in Stantec by 4.5% during the fourth quarter. Cibc World Market Inc. now owns 228,418 shares of the business services provider’s stock valued at $17,914,000 after purchasing an additional 9,802 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Stantec in the fourth quarter worth about $1,635,000. Blue Trust Inc. increased its position in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock worth $140,000 after buying an additional 764 shares in the last quarter. Finally, Canoe Financial LP raised its stake in shares of Stantec by 1,011.1% in the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock worth $6,567,000 after buying an additional 76,217 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Stantec Trading Up 1.3 %

Shares of STN opened at $77.83 on Friday. The stock has a market capitalization of $8.88 billion, a PE ratio of 35.38 and a beta of 1.01. The company’s fifty day moving average is $79.19 and its 200 day moving average is $81.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $88.42.

About Stantec

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.