Stantec Inc. (NYSE:STN) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,036 shares of the business services provider's stock after buying an additional 3,726 shares during the quarter. Advisors Asset Management Inc.'s holdings in Stantec were worth $3,612,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider's stock worth $225,537,000 after acquiring an additional 1,536,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stantec by 11.7% during the fourth 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 purchasing an additional 207,470 shares during the period. National Bank of Canada FI increased its holdings in Stantec by 54.6% in the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider's stock worth $116,897,000 after buying an additional 513,269 shares during the period. Allianz Asset Management GmbH raised its position in Stantec by 5.3% during the 4th quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider's stock worth $76,968,000 after buying an additional 48,972 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Stantec by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider's stock valued at $42,781,000 after acquiring an additional 46,267 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

Stantec Price Performance

STN stock traded up $0.42 during mid-day trading on Tuesday, reaching $83.86. 110,523 shares of the company's stock were exchanged, compared to its average volume of 116,760. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The stock's 50 day moving average is $79.91 and its 200 day moving average is $81.07. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 38.12 and a beta of 1.04.

Stantec Increases Dividend

The business also recently declared 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 represents a $0.63 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, March 28th. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is presently 26.61%.

Stantec Profile

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.