Achmea Investment Management B.V. Sells 29,177 Shares of Stantec Inc. (NYSE:STN)

Achmea Investment Management B.V. decreased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 75.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,536 shares of the business services provider's stock after selling 29,177 shares during the period. Achmea Investment Management B.V.'s holdings in Stantec were worth $748,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STN. The Manufacturers Life Insurance Company lifted its position in Stantec by 121.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider's stock valued at $225,537,000 after acquiring an additional 1,536,475 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Stantec by 54.6% during the third 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 purchasing an additional 513,269 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Stantec by 198.4% during the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider's stock valued at $30,405,000 after buying an additional 251,407 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stantec by 11.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider's stock worth $155,433,000 after buying an additional 207,470 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in Stantec by 79.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider's stock worth $15,966,000 after buying an additional 87,709 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec presently has an average rating of "Buy".

Stantec Stock Performance

Stantec stock traded up $1.24 during mid-day trading on Wednesday, reaching $83.80. 81,861 shares of the stock traded hands, compared to its average volume of 116,004. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The business's 50-day moving average is $79.39 and its 200-day moving average is $81.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $9.56 billion, a PE ratio of 38.09 and a beta of 1.04.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. Stantec's dividend payout ratio (DPR) is presently 26.61%.

About Stantec

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.