Fmr LLC Has $156.10 Million Stock Position in Stantec Inc. (NYSE:STN)

FMR LLC reduced its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,989,602 shares of the business services provider's stock after selling 19,827 shares during the period. FMR LLC owned approximately 1.74% of Stantec worth $156,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Stantec by 78.4% during the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after buying an additional 764 shares in the last quarter. US Bancorp DE boosted its stake in Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after purchasing an additional 237 shares during the period. Envestnet Asset Management Inc. purchased a new position in Stantec during the 4th quarter worth approximately $205,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stantec during the 4th quarter valued at $212,000. Finally, Sava Infond d.o.o. purchased a new stake in shares of Stantec in the fourth quarter valued at $275,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

STN stock traded up $0.76 during midday trading on Tuesday, hitting $86.74. 245,616 shares of the company traded hands, compared to its average volume of 136,055. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 39.43 and a beta of 1.00. The business has a 50 day simple moving average of $81.83 and a 200-day simple moving average of $81.56.

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Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 0.73%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec's dividend payout ratio (DPR) is presently 26.61%.

Analyst Ratings Changes

Separately, Raymond James upgraded 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, the company presently 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.