Stantec Inc. (NYSE:STN) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,009,429 shares of the business services provider's stock after selling 265,089 shares during the period. FMR LLC owned 1.76% of Stantec worth $161,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STN. Triad Wealth Partners LLC bought a new position in Stantec during the second quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Stantec in the 2nd quarter valued at approximately $71,000. Blue Trust Inc. lifted its stake in shares of Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock valued at $81,000 after purchasing an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider's stock valued at $83,000 after purchasing an additional 326 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock valued at $171,000 after purchasing an additional 493 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

STN has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Raymond James downgraded Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Scotiabank assumed coverage on Stantec in a report on Friday, October 25th. They issued a "sector outperform" rating on the stock. StockNews.com upgraded Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Stantec Stock Performance

STN traded up $1.67 on Wednesday, reaching $87.50. 105,163 shares of the stock were exchanged, compared to its average volume of 121,471. The company's 50-day moving average price is $83.27 and its 200 day moving average price is $82.73. Stantec Inc. has a fifty-two week low of $72.80 and a fifty-two week high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $9.98 billion, a PE ratio of 39.77 and a beta of 0.99.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This is a boost from Stantec's previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, December 31st. Stantec's payout ratio is currently 28.18%.

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.