Free Trial

Citigroup Inc. Lowers Holdings in Stantec Inc. (NYSE:STN)

Stantec logo with Business Services background

Citigroup Inc. lowered its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,320 shares of the business services provider's stock after selling 9,071 shares during the quarter. Citigroup Inc. owned approximately 0.06% of Stantec worth $5,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider's stock valued at $83,000 after purchasing an additional 326 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Stantec during the second quarter worth $51,000. Cidel Asset Management Inc. grew its holdings in shares of Stantec by 2.9% in the second quarter. Cidel Asset Management Inc. now owns 215,302 shares of the business services provider's stock valued at $18,021,000 after purchasing an additional 6,086 shares during the period. Legacy Capital Group California Inc. grew its holdings in shares of Stantec by 6.8% in the second quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider's stock valued at $276,000 after purchasing an additional 211 shares during the period. Finally, Calamos Wealth Management LLC grew its holdings in shares of Stantec by 9.3% in the second quarter. Calamos Wealth Management LLC now owns 28,979 shares of the business services provider's stock valued at $2,421,000 after purchasing an additional 2,468 shares during the period. Hedge funds and other institutional investors own 63.86% of the company's stock.

Wall Street Analyst Weigh In

STN has been the subject of several research analyst reports. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Scotiabank began coverage on shares of Stantec in a research report on Friday, October 25th. They set a "sector outperform" rating on the stock. Raymond James cut shares of Stantec from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 8th. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stantec currently has an average rating of "Moderate Buy".

Read Our Latest Stock Analysis on Stantec

Stantec Stock Down 1.1 %

NYSE:STN traded down $0.93 during mid-day trading on Tuesday, hitting $85.82. The stock had a trading volume of 119,395 shares, compared to its average volume of 121,337. The stock has a 50-day simple moving average of $83.04 and a two-hundred day simple moving average of $82.66. The company has a market capitalization of $9.79 billion, a PE ratio of 39.01 and a beta of 0.99. Stantec Inc. has a twelve month low of $72.80 and a twelve month high of $88.42. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.155 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, December 31st. Stantec's dividend payout ratio is currently 28.18%.

Stantec Profile

(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.

Further Reading

Institutional Ownership by Quarter for Stantec (NYSE:STN)

→ Most People Are Dead Wrong. (From Brownstone Research) (Ad)

Should you invest $1,000 in Stantec right now?

Before you consider Stantec, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stantec wasn't on the list.

While Stantec currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines