Addenda Capital Increased By $1.79 Million Its Stantec (STN) Holding; 2 Analysts Are Bullish ScanSource, Inc. (SCSC) Last Week

April 25, 2018 - By Ellis Scott

ScanSource, Inc. (NASDAQ:SCSC) Logo

Addenda Capital Inc increased Stantec Inc (STN) stake by 11.4% reported in 2017Q4 SEC filing. Addenda Capital Inc acquired 63,770 shares as Stantec Inc (STN)’s stock declined 12.16%. The Addenda Capital Inc holds 622,991 shares with $17.54 million value, up from 559,221 last quarter. Stantec Inc now has $2.84B valuation. The stock decreased 0.40% or $0.1 during the last trading session, reaching $24.75. About 11,418 shares traded. Stantec Inc. (NYSE:STN) has declined 6.02% since April 25, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Among 2 analysts covering ScanSource (NASDAQ:SCSC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ScanSource had 4 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of ScanSource, Inc. (NASDAQ:SCSC) has “Outperform” rating given on Tuesday, August 30 by Raymond James. The stock has “Buy” rating by Northcoast on Monday, March 26. The firm earned “Buy” rating on Wednesday, December 23 by Northcoast. The rating was upgraded by Zacks to “Sell” on Wednesday, August 12. See ScanSource, Inc. (NASDAQ:SCSC) latest ratings:

26/03/2018 Broker: Northcoast Old Rating: Neutral New Rating: Buy Upgrade

Addenda Capital Inc decreased Rogers Communications Inc (NYSE:RCI) stake by 16,965 shares to 460,253 valued at $23.71 million in 2017Q4. It also reduced Pnc Finl Svcs Group Inc (NYSE:PNC) stake by 4,285 shares and now owns 61,819 shares. Waste Connections Inc was reduced too.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.31, from 1.36 in 2017Q3. It fall, as 9 investors sold STN shares while 30 reduced holdings. 11 funds opened positions while 30 raised stakes. 62.43 million shares or 1.56% more from 61.47 million shares in 2017Q3 were reported. Financial Bank Of Nova Scotia Trust Com stated it has 11,170 shares. Credit Suisse Ag holds 93,912 shares or 0% of its portfolio. 27,454 are held by Legal And General Group Inc Public Limited Com. Goldman Sachs Grp reported 240,728 shares or 0% of all its holdings. Cardinal Mngmt Inc has invested 0.04% in Stantec Inc. (NYSE:STN). Dimensional Fund Advsrs Limited Partnership holds 127,908 shares. Jarislowsky Fraser, Quebec – Canada-based fund reported 10.25 million shares. Sentry Investments reported 1.22 million shares or 0.54% of all its holdings. Arrowstreet Cap Partnership reported 118,500 shares. Seizert Capital Partners Ltd Com invested in 0.06% or 61,721 shares. Swiss Bancshares holds 193,670 shares. Bank & Trust Of America De owns 0% invested in Stantec Inc. (NYSE:STN) for 1,517 shares. Montrusco Bolton Invs holds 0.77% or 503,623 shares. Vanguard invested 0% in Stantec Inc. (NYSE:STN). Toronto Dominion Bank holds 0.01% of its portfolio in Stantec Inc. (NYSE:STN) for 88,383 shares.

Among 6 analysts covering Stantec (NYSE:STN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Stantec has $40 highest and $30 lowest target. $35.50’s average target is 43.43% above currents $24.75 stock price. Stantec had 15 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, August 7 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was upgraded by Raymond James to “Outperform” on Friday, May 13. The firm earned “Buy” rating on Friday, May 12 by Desjardins Securities. The rating was reinitiated by Canaccord Genuity on Friday, October 2 with “Hold”. The firm has “Mkt Perform” rating by Raymond James given on Friday, February 26. On Friday, August 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Stantec Inc. (NYSE:STN) has “Buy” rating given on Monday, May 15 by Desjardins Securities. TD Securities maintained Stantec Inc. (NYSE:STN) rating on Friday, August 7. TD Securities has “Hold” rating and $37 target. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, July 22. The firm has “Outperform” rating by National Bank Canada given on Wednesday, August 17.

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. The company has market cap of $912.90 million. The companyÂ’s Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture , point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies. It has a 21.01 P/E ratio. The Company’s AIDC and POS products are used to automate the collection, processing, and communication of information for commercial and industrial applications, such as retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications; electronic physical security products, including identification, access control, video surveillance, intrusion-related, wireless, and networking infrastructure products; and 3D printing solutions to replace and complement traditional methods, as well as reduce the time and cost of designing new products.

The stock decreased 0.28% or $0.1 during the last trading session, reaching $35.7. About 86,097 shares traded. ScanSource, Inc. (NASDAQ:SCSC) has declined 9.39% since April 25, 2017 and is downtrending. It has underperformed by 20.94% the S&P500.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.25, from 1.26 in 2017Q3. It fall, as 20 investors sold ScanSource, Inc. shares while 51 reduced holdings. 23 funds opened positions while 49 raised stakes. 23.77 million shares or 0.70% less from 23.93 million shares in 2017Q3 were reported. Fmr Limited Liability Corp accumulated 0.01% or 2.84M shares. Victory Cap reported 0% in ScanSource, Inc. (NASDAQ:SCSC). Legal And General Public Limited Com invested in 0% or 75,851 shares. Ubs Asset Management Americas holds 0% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 17,902 shares. Bailard Incorporated invested in 59,270 shares. Principal Fincl Grp Inc holds 0.01% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 191,492 shares. Northern holds 0.01% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 752,721 shares. James Invest Rech Inc reported 43,700 shares or 0.05% of all its holdings. 65,400 are held by Canal Ins. Cna Finance Corp holds 0.29% or 34,035 shares. Teacher Retirement Of Texas invested in 8,777 shares. Ameriprise Fin Inc has 241,523 shares for 0% of their portfolio. State Of Alaska Department Of Revenue owns 0% invested in ScanSource, Inc. (NASDAQ:SCSC) for 5,066 shares. Foundry Ptnrs Llc holds 0.17% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 111,680 shares. Wells Fargo Mn owns 0% invested in ScanSource, Inc. (NASDAQ:SCSC) for 50,552 shares.

ScanSource, Inc. (NASDAQ:SCSC) Institutional Positions Chart

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