Amundi Lowers Holdings in Stantec Inc. (NYSE:STN)

Amundi lessened its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,403,336 shares of the business services provider's stock after selling 151,839 shares during the period. Amundi owned about 1.23% of Stantec worth $110,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Stantec by 78.4% during the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after purchasing an additional 764 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 buying an additional 493 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Stantec during the third quarter valued at $213,000. Atria Investments Inc increased its holdings in Stantec by 4.3% in the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after buying an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

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Stantec Stock Performance

Shares of NYSE STN traded up $1.88 during midday trading on Friday, hitting $82.41. 123,251 shares of the company's stock traded hands, compared to its average volume of 116,444. The firm has a fifty day moving average of $79.09 and a 200 day moving average of $81.04. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $90.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 37.46 and a beta of 1.04.

Stantec Increases Dividend

The business also recently announced 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 a boost 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%. The ex-dividend date is Friday, March 28th. Stantec's dividend payout ratio (DPR) is currently 26.61%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. StockNews.com upgraded shares of Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus 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.