Louisbourg Investments Inc. Sells 10,419 Shares of Stantec Inc. (NYSE:STN)

Louisbourg Investments Inc. cut its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,819 shares of the business services provider’s stock after selling 10,419 shares during the quarter. Louisbourg Investments Inc.’s holdings in Stantec were worth $3,436,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Stantec by 802.8% in the 3rd 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 period. US Bancorp DE raised its position in shares of Stantec by 30.3% in the third 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 approximately $211,000. FORA Capital LLC bought a new position in Stantec in the 3rd quarter worth approximately $213,000. Finally, SG Americas Securities LLC grew its stake in Stantec by 177.6% in the 3rd quarter. SG Americas Securities LLC now owns 3,814 shares of the business services provider’s stock valued at $307,000 after buying an additional 2,440 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

STN has been the subject of a number of analyst reports. Scotiabank started coverage on Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy”.

Stantec Price Performance

Shares of NYSE STN opened at $77.28 on Wednesday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 35.13 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $79.40 and its two-hundred day simple moving average is $81.40. Stantec Inc. has a twelve month low of $73.18 and a twelve month 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.