Allianz Asset Management GmbH Has $76.97 Million Stake in Stantec Inc. (NYSE:STN)

Allianz Asset Management GmbH increased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 981,515 shares of the business services provider’s stock after purchasing an additional 48,972 shares during the period. Allianz Asset Management GmbH’s holdings in Stantec were worth $76,968,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in STN. The Manufacturers Life Insurance Company increased its stake in shares of Stantec by 121.3% in the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after purchasing an additional 1,536,475 shares during the period. National Bank of Canada FI grew its holdings in Stantec by 54.6% in the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after buying an additional 513,269 shares during the last quarter. Toronto Dominion Bank increased its position in Stantec by 198.4% in the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after buying an additional 251,407 shares during the period. Cumberland Partners Ltd lifted its holdings in shares of Stantec by 1,013.6% during the third quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock worth $9,031,000 after buying an additional 102,125 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its position in shares of Stantec by 79.1% in the third quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock valued at $15,966,000 after acquiring an additional 87,709 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of NYSE:STN opened at $76.12 on Friday. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 34.60 and a beta of 1.01. The business’s fifty day moving average price is $78.13 and its two-hundred day moving average price is $80.99. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Analysts Set New Price Targets

STN has been the topic of a number of research reports. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Scotiabank began coverage on shares of Stantec in a report on Friday, October 25th. They set a “sector outperform” rating on the stock. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Stantec presently has a consensus 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.