Andra AP fonden Grows Stake in Stantec Inc. (NYSE:STN)

Andra AP fonden grew its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 95.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,900 shares of the business services provider's stock after acquiring an additional 24,400 shares during the quarter. Andra AP fonden's holdings in Stantec were worth $3,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new position in shares of Stantec during the fourth quarter valued at approximately $1,220,000. Atria Investments Inc lifted its stake in Stantec by 4.3% during the 4th 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 period. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 valued at $293,000 after buying an additional 300 shares during the period. US Bancorp DE increased its holdings in shares of Stantec by 11.2% during the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Stantec by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 146,866 shares of the business services provider's stock worth $11,522,000 after acquiring an additional 8,244 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Price Performance

Shares of NYSE STN opened at $82.61 on Friday. Stantec Inc. has a one year low of $73.18 and a one 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 firm has a market capitalization of $9.42 billion, a P/E ratio of 37.55 and a beta of 1.04. The company's fifty day moving average is $78.83 and its two-hundred day moving average is $81.09.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. Stantec's payout ratio is 26.61%.

Analysts Set New Price Targets

A number of brokerages have commented on STN. StockNews.com raised Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a 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, Raymond James raised Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Stantec has an average rating of "Buy".

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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.

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