Candriam S.C.A. trimmed its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 23.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 233,995 shares of the business services provider's stock after selling 71,457 shares during the period. Candriam S.C.A. owned approximately 0.21% of Stantec worth $18,349,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE raised its holdings in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after acquiring an additional 493 shares during the last quarter. FORA Capital LLC purchased a new position in Stantec in the 3rd quarter worth approximately $213,000. Atria Investments Inc raised 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 acquiring an additional 151 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew 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 purchasing an additional 300 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.
Stantec Price Performance
STN stock traded down $0.59 during mid-day trading on Friday, hitting $82.61. The company had a trading volume of 135,368 shares, compared to its average volume of 150,047. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 37.55 and a beta of 1.04. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $78.83 and a 200 day moving average price of $81.09.
Stantec Increases Dividend
The firm 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 dividend of $0.1574 per share. This represents a $0.63 annualized dividend 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 dividend payout ratio is currently 26.61%.
Wall Street Analysts Forecast Growth
STN has been the subject of a number of research analyst reports. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Finally, Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on Stantec
About Stantec
(
Free Report)
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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