Hsbc Holdings PLC Increases Holdings in Stantec Inc. (NYSE:STN)

Hsbc Holdings PLC grew its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 20.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 214,334 shares of the business services provider's stock after acquiring an additional 36,386 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of Stantec worth $16,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STN. Vanguard Group Inc. raised its holdings in Stantec by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock worth $358,951,000 after purchasing an additional 74,976 shares in the last quarter. Bank of Montreal Can raised its stake in Stantec by 9.5% during the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock worth $273,970,000 after acquiring an additional 302,979 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Stantec by 11.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider's stock valued at $155,433,000 after acquiring an additional 207,470 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Stantec by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider's stock valued at $139,230,000 after acquiring an additional 14,332 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Stantec by 1.8% during the fourth quarter. National Bank of Canada FI now owns 1,479,729 shares of the business services provider's stock worth $116,207,000 after purchasing an additional 25,999 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Price Performance

Shares of NYSE:STN opened at $87.04 on Friday. 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 one year low of $73.18 and a one year high of $90.24. The company has a 50-day simple moving average of $83.35 and a 200-day simple moving average of $81.83. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 39.56 and a beta of 1.00.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a $0.1574 dividend. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 28th. Stantec's dividend payout ratio (DPR) is 26.61%.

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, According to data from MarketBeat, the stock 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.

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