Luminus Management Decreased By $25.19 Million Its Stantec (STN) Stake; Tutor Perini (TPC) Sentiment Is 1.3

January 13, 2018 - By Vivian Park

Luminus Management Llc decreased Stantec Inc (STN) stake by 48.94% reported in 2017Q3 SEC filing. Luminus Management Llc sold 933,100 shares as Stantec Inc (STN)’s stock declined 16.73%. The Luminus Management Llc holds 973,411 shares with $27.01M value, down from 1.91M last quarter. Stantec Inc now has $3.17B valuation. The stock increased 0.71% or $0.2 during the last trading session, reaching $28.25. About 5,375 shares traded. Stantec Inc. (NYSE:STN) has declined 7.10% since January 13, 2017 and is downtrending. It has underperformed by 23.80% the S&P500.

Tutor Perini Corporation provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. The company has market cap of $1.37 billion. It operates through three divisions: Civil, Building, and Specialty Contractors. It has a 14.27 P/E ratio. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

Investors sentiment decreased to 1.36 in 2017 Q3. Its down 0.24, from 1.6 in 2017Q2. It is negative, as 4 investors sold STN shares while 29 reduced holdings. 10 funds opened positions while 35 raised stakes. 61.47 million shares or 4.62% less from 64.45 million shares in 2017Q2 were reported. 43,998 are held by Ubs Asset Mgmt Americas. Highstreet Asset Mgmt owns 15,943 shares or 0.04% of their US portfolio. Mackenzie Corporation reported 525,030 shares. Grandeur Peak Glob Advsr Lc accumulated 1.65 million shares or 6.97% of the stock. Manufacturers Life Insurance The accumulated 0.05% or 1.44 million shares. Todd Asset Mgmt Limited Liability Company reported 240,047 shares or 0.18% of all its holdings. Manchester Cap Lc accumulated 300 shares. 1832 Asset Mngmt LP reported 1.79M shares. Assetmark has 0% invested in Stantec Inc. (NYSE:STN) for 783 shares. Tower Research Capital Limited Liability Company (Trc) holds 12,387 shares. Montrusco Bolton owns 0.7% invested in Stantec Inc. (NYSE:STN) for 480,451 shares. Numeric Ltd Llc reported 0% in Stantec Inc. (NYSE:STN). Jarislowsky Fraser Limited invested in 1.71% or 10.29M shares. Goldman Sachs Grp invested in 0% or 98,422 shares. Cibc World Markets Incorporated has invested 0.02% in Stantec Inc. (NYSE:STN).

Analysts await Stantec Inc. (NYSE:STN) to report earnings on February, 22. They expect $0.36 earnings per share, up 38.46% or $0.10 from last year’s $0.26 per share. STN’s profit will be $40.42 million for 19.62 P/E if the $0.36 EPS becomes a reality. After $0.43 actual earnings per share reported by Stantec Inc. for the previous quarter, Wall Street now forecasts -16.28% negative EPS growth.

Luminus Management Llc increased Entergy Corp New (NYSE:ETR) stake by 357,011 shares to 984,511 valued at $75.18M in 2017Q3. It also upped Tronox Ltd (NYSE:TROX) stake by 619,327 shares and now owns 679,327 shares. Eaton Corp Plc (NYSE:ETN) was raised too.

Among 6 analysts covering Stantec (NYSE:STN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Stantec had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Stantec Inc. (NYSE:STN) earned “Mkt Perform” rating by Raymond James on Friday, February 26. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 7 report. TD Securities maintained it with “Hold” rating and $37 target in Friday, August 7 report. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 7 report. Raymond James upgraded the stock to “Outperform” rating in Friday, May 13 report. The stock of Stantec Inc. (NYSE:STN) earned “Hold” rating by Canaccord Genuity on Friday, October 2. RBC Capital Markets maintained it with “Sector Perform” rating and $37 target in Friday, November 6 report. The firm has “Neutral” rating by DA Davidson given on Thursday, April 14. The stock has “Buy” rating by Desjardins Securities on Friday, May 12. The firm has “Buy” rating by Desjardins Securities given on Monday, May 15.

Since January 1, 0001, it had 0 buys, and 5 insider sales for $5.35 million activity.

The stock increased 2.80% or $0.75 during the last trading session, reaching $27.5. About 466,406 shares traded or 6.62% up from the average. Tutor Perini Corporation (TPC) has risen 25.83% since January 13, 2017 and is uptrending. It has outperformed by 9.13% the S&P500.

Analysts await Tutor Perini Corporation (NYSE:TPC) to report earnings on February, 22. They expect $0.50 EPS, down 16.67% or $0.10 from last year’s $0.6 per share. TPC’s profit will be $24.89M for 13.75 P/E if the $0.50 EPS becomes a reality. After $0.47 actual EPS reported by Tutor Perini Corporation for the previous quarter, Wall Street now forecasts 6.38% EPS growth.

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