Bank of New York Mellon Corp Has $11.52 Million Stock Holdings in Stantec Inc. (NYSE:STN)

Bank of New York Mellon Corp grew its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,866 shares of the business services provider's stock after buying an additional 8,244 shares during the period. Bank of New York Mellon Corp owned approximately 0.13% of Stantec worth $11,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of STN. Blue Trust Inc. grew its stake in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after acquiring an additional 764 shares during the period. US Bancorp DE increased its stake in Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after purchasing an additional 493 shares in the last quarter. FORA Capital LLC acquired a new stake in Stantec during the 3rd quarter worth approximately $213,000. XTX Topco Ltd acquired a new stake in Stantec during the 3rd quarter worth approximately $335,000. Finally, Stifel Financial Corp lifted its stake in Stantec by 3.1% in the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after buying an additional 126 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Stock Up 1.4 %

Shares of Stantec stock traded up $1.15 on Monday, reaching $83.63. 142,008 shares of the company were exchanged, compared to its average volume of 116,088. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 38.01 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 Inc. has a one year low of $73.18 and a one year high of $90.24. The company has a 50-day moving average of $79.15 and a 200 day moving average of $80.99.

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Stantec Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.75%. 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%.

Wall Street Analyst Weigh In

Separately, 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 MarketBeat, the stock currently 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.