Stantec Inc. (NYSE:STN) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,774,759 shares of the business services provider's stock after purchasing an additional 14,332 shares during the quarter. Alliancebernstein L.P. owned approximately 1.56% of Stantec worth $139,230,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of STN. Vanguard Group Inc. grew its position in shares of Stantec by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock worth $358,951,000 after buying an additional 74,976 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stantec by 11.7% during 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 acquiring an additional 207,470 shares in the last quarter. National Bank of Canada FI increased its position in Stantec by 54.6% during the 3rd 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 during the period. Norges Bank bought a new stake in shares of Stantec in the 4th quarter valued at about $110,221,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Stantec by 5.3% in the 4th quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider's stock worth $76,968,000 after purchasing an additional 48,972 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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, According to MarketBeat, the stock presently has an average rating of "Buy".

Stantec Stock Down 5.2 %

NYSE:STN traded down $4.40 during mid-day trading on Friday, hitting $80.31. 276,614 shares of the company's stock traded hands, compared to its average volume of 132,302. The company has a fifty day moving average of $80.78 and a 200 day moving average of $81.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The company has a market capitalization of $9.16 billion, a P/E ratio of 36.51 and a beta of 1.00.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1574 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a yield of 0.78%. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is currently 26.61%.

Stantec Company 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.