ExodusPoint Capital Management LP Sells 12,614 Shares of Stantec Inc. (NYSE:STN)

ExodusPoint Capital Management LP trimmed its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 75.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the business services provider's stock after selling 12,614 shares during the period. ExodusPoint Capital Management LP's holdings in Stantec were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of Stantec by 3.1% in the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock worth $341,000 after buying an additional 126 shares during the period. XTX Topco Ltd bought a new position in Stantec in the 3rd quarter valued at $335,000. Public Employees Retirement System of Ohio purchased a new stake in Stantec in the third quarter worth $877,000. Barclays PLC lifted its position in shares of Stantec by 73.2% during the third quarter. Barclays PLC now owns 31,001 shares of the business services provider's stock worth $2,493,000 after purchasing an additional 13,107 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stantec by 9.7% during the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider's stock valued at $42,781,000 after purchasing an additional 46,267 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

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Stantec Stock Up 0.9 %

Shares of STN traded up $0.76 during midday trading on Tuesday, reaching $86.74. 245,616 shares of the stock were exchanged, compared to its average volume of 136,055. The company has a market capitalization of $9.89 billion, a P/E ratio of 39.43 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. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24. The company's 50 day moving average is $81.83 and its two-hundred day moving average is $81.56.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.1574 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 0.73%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 26.61%.

Analysts Set New Price Targets

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

Stantec Company 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.