JPMorgan Chase & Co. Grows Stock Position in Stantec Inc. (NYSE:STN)

JPMorgan Chase & Co. increased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,736 shares of the business services provider's stock after buying an additional 39,671 shares during the period. JPMorgan Chase & Co. owned about 0.51% of Stantec worth $45,559,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in STN. Blue Trust Inc. raised its holdings in shares of Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after purchasing an additional 764 shares in the last quarter. US Bancorp DE increased its holdings in Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after buying an additional 237 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stantec in the fourth quarter worth approximately $212,000. Atria Investments Inc lifted its holdings in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after buying an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after buying an additional 300 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

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Stantec Stock Up 2.4 %

Shares of NYSE:STN traded up $1.98 during trading on Friday, reaching $85.31. The stock had a trading volume of 142,249 shares, compared to its average volume of 135,261. The firm's 50-day simple moving average is $81.43 and its 200 day simple moving average is $81.48. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The company has a market capitalization of $9.73 billion, a P/E ratio of 38.78 and a beta of 1.00.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.1574 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, March 28th. Stantec's payout ratio is currently 26.61%.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Stantec presently has a consensus 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.