November 16, 2016 - By Darrin Black · 0 Comments
The stock of Stantec Incorporated (NYSE:STN) registered an increase of 8.6% in short interest. STN’s total short interest was 168,000 shares in November as published by FINRA. Its up 8.6% from 154,700 shares, reported previously. With 13,500 shares average volume, it will take short sellers 12 days to cover their STN’s short positions. The short interest to Stantec Incorporated’s float is 0.15%. About 13,412 shares traded hands. Stantec Inc. (USA) (NYSE:STN) has risen 2.06% since April 14, 2016 and is uptrending. It has underperformed by 2.63% the S&P500.
Stantec Inc. is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The company has a market cap of $2.92 billion. The Company’s segment is Consulting Services. It has a 29.03 P/E ratio. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 0.63, from 1.41 in 2016Q1. The ratio increased, as 11 funds sold all Stantec Inc. (USA) shares owned while 16 reduced positions. 8 funds bought stakes while 47 increased positions. They now own 51.26 million shares or 7.02% less from 55.12 million shares in 2016Q1.
Royal Natl Bank Of Canada reported 6.22M shares or 0.09% of all its holdings. Sprott accumulated 0.13% or 104,200 shares. Farmers & Merchants Inc has 347 shares for 0% of their US portfolio. Td Asset Management Incorporated reported 1.24 million shares or 0.05% of all its holdings. Prudential Public Ltd Company, a Illinois-based fund reported 16,334 shares. Cubist Systematic Strategies Ltd Liability Company accumulated 8,500 shares or 0.01% of the stock. Credit Suisse Ag reported 50,264 shares or 0% of all its holdings. Ubs Asset Americas holds 54,802 shares or 0% of its portfolio. Commercial Bank Of Nova Scotia Tru last reported 0.04% of its portfolio in the stock. D E Shaw & has 352,800 shares for 0.02% of their US portfolio. Cibc World Mkts has 0.02% invested in the company for 204,429 shares. Natl Bank Of America Corp De holds 7,363 shares or 0% of its portfolio. Commercial Bank Of Ny Mellon Corporation holds 0% or 9,691 shares in its portfolio. Counsel Svcs last reported 0.03% of its portfolio in the stock. Citigroup has invested 0% of its portfolio in Stantec Inc. (USA) (NYSE:STN).
Out of 6 analysts covering Stantec (NYSE:STN), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Stantec has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets on Wednesday, July 22 to “Sector Perform”. Raymond James upgraded the shares of STN in a report on Friday, May 13 to “Outperform” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, November 6. The firm has “Mkt Perform” rating by Raymond James given on Friday, February 26. The stock of Stantec Inc. (USA) (NYSE:STN) earned “Outperform” rating by National Bank Canada on Wednesday, August 17. As per Friday, August 7, the company rating was maintained by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 7. The stock has “Hold” rating given by Canaccord Genuity on Friday, October 2. The rating was maintained by TD Securities on Friday, August 7 with “Hold”. DA Davidson downgraded Stantec Inc. (USA) (NYSE:STN) on Thursday, April 14 to “Neutral” rating.
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By Darrin Black