Geode Capital Management LLC Has $55.47 Million Position in Stantec Inc. (NYSE:STN)

Geode Capital Management LLC grew its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 31.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 689,644 shares of the business services provider's stock after purchasing an additional 166,063 shares during the quarter. Geode Capital Management LLC owned about 0.60% of Stantec worth $55,465,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI increased its position in Stantec by 1.8% during the 4th quarter. National Bank of Canada FI now owns 1,479,729 shares of the business services provider's stock worth $116,207,000 after buying an additional 25,999 shares during the period. Franklin Resources Inc. grew its position in shares of Stantec by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 55,573 shares of the business services provider's stock worth $4,355,000 after purchasing an additional 11,179 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Stantec by 0.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider's stock worth $139,230,000 after purchasing an additional 14,332 shares during the period. Wellington Management Group LLP raised its position in shares of Stantec by 12.7% in the fourth quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock valued at $31,965,000 after buying an additional 45,900 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Stantec by 90.5% during the fourth quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider's stock worth $29,339,000 after buying an additional 177,692 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded 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, Based on data from MarketBeat, Stantec presently has an average rating of "Buy".

Stantec Trading Up 0.9 %

Shares of NYSE:STN traded up $0.76 during trading on Tuesday, reaching $86.74. The stock had a trading volume of 245,616 shares, compared to its average volume of 136,055. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 39.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24. The firm's fifty day moving average is $81.83 and its 200 day moving average is $81.56.

Stantec Increases Dividend

The business 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. 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 dividend payout ratio is currently 26.61%.

About Stantec

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.