ELCO Management Co. LLC Takes Position in Stantec Inc. (NYSE:STN)

ELCO Management Co. LLC acquired a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,684 shares of the business services provider's stock, valued at approximately $524,000.

A number of other institutional investors have also made changes to their positions in STN. Blue Trust Inc. lifted its holdings in Stantec by 78.4% during the fourth 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 in the last quarter. US Bancorp DE boosted its position in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after buying an additional 237 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Stantec during the fourth quarter worth about $205,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stantec in the 4th quarter valued at approximately $212,000. Finally, Sava Infond d.o.o. bought a new stake in shares of Stantec in the fourth quarter worth $275,000. 63.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Stantec Stock Down 0.1 %

STN stock traded down $0.05 during mid-day trading on Monday, reaching $85.30. The company had a trading volume of 29,343 shares, compared to its average volume of 135,058. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 38.77 and a beta of 1.00. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24. The stock has a 50 day simple moving average of $81.43 and a two-hundred day simple moving average of $81.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.74%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec's payout ratio is presently 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.