Intech Investment Management LLC Has $436,000 Position in Stantec Inc. (NYSE:STN)

Intech Investment Management LLC lessened its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 51.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,416 shares of the business services provider's stock after selling 5,839 shares during the quarter. Intech Investment Management LLC's holdings in Stantec were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STN. Triad Wealth Partners LLC bought a new stake in Stantec during the 2nd quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. bought a new stake in Stantec in the second quarter worth $71,000. Blue Trust Inc. lifted its holdings in Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock worth $81,000 after buying an additional 867 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Stantec by 45.9% during the first 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 in the last quarter. Finally, US Bancorp DE boosted its stake in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after purchasing an additional 493 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STN. Scotiabank began coverage on Stantec in a research note on Friday, October 25th. They issued a "sector outperform" rating for the company. Raymond James cut Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Stantec Price Performance

Stantec stock traded down $0.93 during midday trading on Tuesday, hitting $85.82. The company's stock had a trading volume of 119,395 shares, compared to its average volume of 121,337. The company has a market capitalization of $9.79 billion, a PE ratio of 39.01 and a beta of 0.99. 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's 50-day moving average price is $83.04 and its 200-day moving average price is $82.66. Stantec Inc. has a 12 month low of $72.80 and a 12 month high of $88.42.

Stantec Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Stantec's previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.72%. Stantec's payout ratio is 28.18%.

Stantec 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.