Aviva PLC Purchases Shares of 64,228 Stantec Inc. (NYSE:STN)

Aviva PLC acquired a new stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,228 shares of the business services provider's stock, valued at approximately $5,029,000. Aviva PLC owned about 0.06% of Stantec at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Stantec by 19.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider's stock valued at $889,000 after buying an additional 1,800 shares during the period. Point72 Asset Management L.P. bought a new position in Stantec in the 3rd quarter valued at about $479,000. Stifel Financial Corp increased its holdings in shares of 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 purchasing an additional 126 shares during the period. XTX Topco Ltd bought a new position in Stantec in the 3rd quarter worth approximately $335,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Stantec in the third quarter valued at approximately $877,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Up 0.7 %

NYSE:STN traded up $0.60 during midday trading on Tuesday, hitting $86.58. 34,138 shares of the company traded hands, compared to its average volume of 134,964. The firm has a market capitalization of $9.88 billion, a P/E ratio of 39.38 and a beta of 1.00. 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 Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The firm's fifty day moving average is $81.62 and its 200-day moving average is $81.52.

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Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.1574 dividend. This represents a $0.63 annualized dividend and a dividend yield of 0.73%. 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 26.61%.

Analyst Upgrades and Downgrades

Separately, Raymond James raised Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

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.