American Century Companies Inc. Has $3.31 Million Stock Holdings in Stantec Inc. (NYSE:STN)

American Century Companies Inc. decreased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,134 shares of the business services provider's stock after selling 52,543 shares during the quarter. American Century Companies Inc.'s holdings in Stantec were worth $3,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp increased its position in Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after acquiring an additional 126 shares during the period. Atria Investments Inc grew its stake in shares of Stantec by 4.3% in the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after purchasing an additional 151 shares during the last quarter. Signaturefd LLC increased its holdings in Stantec by 4.5% in the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock valued at $317,000 after purchasing an additional 175 shares during the period. US Bancorp DE increased its holdings in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after purchasing an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Stantec by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

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Stantec Trading Up 2.4 %

Stantec stock traded up $1.98 during mid-day trading on Friday, hitting $85.31. 142,249 shares of the stock were exchanged, compared to its average volume of 135,261. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 38.78 and a beta of 1.00. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm's fifty day simple moving average is $81.43 and its two-hundred day simple moving average is $81.48.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is currently 26.61%.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded 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, the company has an average rating of "Buy".

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.