15,544 Shares in Stantec Inc. (NYSE:STN) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,544 shares of the business services provider's stock, valued at approximately $1,220,000.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. increased its position in Stantec by 78.4% during the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE increased its position in Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock valued at $171,000 after acquiring an additional 493 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Stantec during the third quarter valued at $211,000. FORA Capital LLC bought a new position in Stantec during the third quarter valued at $213,000. Finally, Atria Investments Inc increased its position in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock valued at $286,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on STN shares. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upgraded shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec has a consensus rating of "Buy".

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Stantec Trading Down 0.7 %

Shares of STN traded down $0.59 during trading hours on Friday, reaching $82.61. 135,368 shares of the company traded hands, compared to its average volume of 150,047. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 37.55 and a beta of 1.04. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock's fifty day moving average price is $78.83 and its 200 day moving average price is $81.09.

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 paid a $0.1574 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a yield of 0.76%. Stantec's dividend payout ratio is 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.