Stantec Inc. (NYSE:STN) Shares Purchased by Ecofi Investissements SA

Ecofi Investissements SA raised its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,800 shares of the business services provider's stock after buying an additional 6,800 shares during the period. Stantec comprises approximately 4.2% of Ecofi Investissements SA's holdings, making the stock its 12th largest position. Ecofi Investissements SA owned approximately 0.08% of Stantec worth $6,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Stantec by 2.3% in the 4th quarter. First Trust Advisors LP now owns 720,143 shares of the business services provider's stock worth $56,494,000 after buying an additional 16,115 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Stantec by 1.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 264,433 shares of the business services provider's stock worth $20,580,000 after acquiring an additional 4,802 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Stantec by 22.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 555,150 shares of the business services provider's stock valued at $43,500,000 after acquiring an additional 100,000 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Stantec by 132.6% in the fourth quarter. Marshall Wace LLP now owns 52,038 shares of the business services provider's stock valued at $4,082,000 after purchasing an additional 29,667 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in Stantec by 41.2% during the fourth quarter. XTX Topco Ltd now owns 5,878 shares of the business services provider's stock valued at $461,000 after purchasing an additional 1,715 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of "Buy".

Stantec Stock Up 1.0 %

Shares of STN traded up $0.86 during midday trading on Thursday, reaching $87.46. 79,402 shares of the stock were exchanged, compared to its average volume of 136,674. The company's 50 day moving average is $82.93 and its two-hundred day moving average is $81.77. 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 company has a market capitalization of $9.98 billion, a P/E ratio of 39.73 and a beta of 1.00. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a dividend of $0.1574 per share. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, March 28th. Stantec's dividend payout ratio is 26.61%.

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.