Stantec Inc. (NYSE:STN) Holdings Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 981,515 shares of the business services provider’s stock after purchasing an additional 48,972 shares during the quarter. Allianz Asset Management GmbH owned 0.86% of Stantec worth $76,968,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cumberland Partners Ltd raised its position in Stantec by 11.7% during the fourth quarter. Cumberland Partners Ltd now owns 125,290 shares of the business services provider’s stock valued at $9,810,000 after buying an additional 13,090 shares during the period. CIBC Asset Management Inc grew its stake in Stantec by 1.4% during the 4th quarter. CIBC Asset Management Inc now owns 142,781 shares of the business services provider’s stock valued at $11,177,000 after acquiring an additional 2,023 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Stantec by 25.5% in the 4th quarter. Principal Financial Group Inc. now owns 349,580 shares of the business services provider’s stock valued at $27,413,000 after purchasing an additional 71,100 shares during the period. Jennison Associates LLC lifted its position in shares of Stantec by 5.2% in the fourth 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. Finally, Cibc World Market Inc. boosted its holdings in shares of Stantec by 4.5% during the fourth quarter. Cibc World Market Inc. now owns 228,418 shares of the business services provider’s stock worth $17,914,000 after purchasing an additional 9,802 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

NYSE STN opened at $76.12 on Friday. 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 has a market capitalization of $8.68 billion, a PE ratio of 34.60 and a beta of 1.01. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $88.42. The company has a 50 day moving average price of $78.13 and a two-hundred day moving average price of $80.99.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STN shares. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank started coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.