Aviso Financial Inc. Sells 9,620 Shares of Stantec Inc. (NYSE:STN)

Aviso Financial Inc. lowered its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,874 shares of the business services provider's stock after selling 9,620 shares during the quarter. Aviso Financial Inc.'s holdings in Stantec were worth $1,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in STN. Blue Trust Inc. grew its holdings 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 buying an additional 764 shares in the last quarter. US Bancorp DE grew 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 purchasing an additional 493 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Stantec during the third quarter valued at about $213,000. Atria Investments Inc grew its holdings 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 buying an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings 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 valued at $293,000 after buying an additional 300 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Stantec Trading Down 1.4 %

Shares of STN stock traded down $1.14 during trading hours on Tuesday, reaching $82.51. 110,592 shares of the stock were exchanged, compared to its average volume of 116,063. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The company's 50-day moving average price is $79.28 and its 200-day moving average price is $81.00. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 37.50 and a beta of 1.04. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

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

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat.com, the stock currently 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.