Stantec (NYSE:STN – Get Free Report) (TSE:STN) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat Ratings reports.
A number of other equities analysts have also recently commented on the company. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating for the company. Finally, StockNews.com downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on STN
Stantec Stock Down 0.8 %
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in STN. The Manufacturers Life Insurance Company lifted its holdings in Stantec by 175.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock valued at $105,850,000 after buying an additional 806,869 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after acquiring an additional 422,538 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Stantec by 15.1% in the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock valued at $265,177,000 after purchasing an additional 415,993 shares during the period. Candriam S.C.A. grew its stake in Stantec by 243.8% in the second quarter. Candriam S.C.A. now owns 204,405 shares of the business services provider’s stock worth $17,108,000 after purchasing an additional 144,948 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Stantec by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after purchasing an additional 133,687 shares during the period. 63.86% of the stock is currently owned by institutional investors.
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.
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