Stantec Inc shares had a trading volume of 53K in the last trading session. Trading volume was up 138.20% over the stocks average daily volume.
Investors are feeling more bearish on Stantec Inc of late if you watch the motion in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 2.67%. Short interest grew 17,636 over that period. With short interest at 678,519 and short average daily volume at 13,124, the short-interest ratio is 52.0 and the short interest percentage is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (STN). As of quarter end Fifth Third Bancorp had sold 5,488 shares trimming its holdings by 36.3%. The value of the investment in (STN) went from $380,000 to $267,000 decreasing 29.7% for the reporting period. As of the end of the quarter Bank Of Nova Scotia had disposed of a total of 11,387 shares trimming its stake by 34.4%. The value of the company’s investment in Stantec Inc decreased from $833,000 to $602,000 a change of 27.7% quarter over quarter.
As of quarter end Connor, Clark & Lunn Investment Management Ltd. had sold 144,012 shares trimming its position 65.4%. The value in dollars went from $5,536,000 to $2,110,000 a change of $3,426,000 quarter to quarter. D. E. Shaw & CO., Inc. added to its holdings by buying 26,900 shares an increase of 11.4%. D. E. Shaw & CO., Inc. currently owns 262,800 shares valued at $7,297,000. The value of the position overall is up by 22.8%.
Equity analyst Royal Bank Of Canada updated coverage of STN with an initial rating of “Sector Perform”.
In the market the company is trading up by 0.54% since yesterday’s close of 27.7. The P/E ratio is 35.30 and market cap is 3.18B. As of the last earnings report the EPS was $0.79 with 113.95M shares currently outstanding.
Stantec Inc. provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. Its services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. The company operates through three business operating units: Buildings, Energy & Resources, and Infrastructure. The Buildings business operating unit provides pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure in the airports and aviation, commercial, education, healthcare, industrial, and science and technology. The Energy & Resources business operating unit offers industrial engineering services, project management, and construction management services, as well as environmental services in the mining, oil and gas, and power sectors. The Infrastructure business operating unit provides front-end design and engineering services, and project and construction management services in community development, transportation, and water sectors. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada..