Stantec Inc. (NYSE:STN) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC raised its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 90.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,983 shares of the business services provider's stock after purchasing an additional 177,692 shares during the period. Clearbridge Investments LLC owned 0.33% of Stantec worth $29,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Stantec by 224.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 63,159 shares of the business services provider's stock valued at $4,949,000 after buying an additional 43,711 shares in the last quarter. Norges Bank acquired a new position in shares of Stantec during the fourth quarter valued at about $110,221,000. Sava Infond d.o.o. purchased a new position in shares of Stantec in the 4th quarter valued at approximately $275,000. JPMorgan Chase & Co. raised its position in shares of Stantec by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider's stock valued at $45,559,000 after purchasing an additional 39,671 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stantec in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Remove Ads

Stantec Stock Performance

Shares of STN stock traded down $4.40 during mid-day trading on Friday, reaching $80.31. The stock had a trading volume of 276,614 shares, compared to its average volume of 132,302. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 36.51 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. The business's fifty day moving average is $80.78 and its 200-day moving average is $81.40.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is 26.61%.

Analyst Ratings Changes

Separately, Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus 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.