Stantec Inc. (NYSE:STN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,784 shares of the business services provider's stock after selling 208,344 shares during the period. Legal & General Group Plc owned approximately 0.48% of Stantec worth $42,564,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of STN. Blue Trust Inc. boosted its holdings in Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the period. US Bancorp DE lifted its position in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after purchasing an additional 237 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Stantec during the fourth quarter worth $205,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Stantec in the fourth quarter valued at $212,000. Finally, Sava Infond d.o.o. acquired a new stake in Stantec during the 4th quarter valued at $275,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

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.com, the company currently has an average rating of "Buy".

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Stantec Stock Up 0.9 %

NYSE:STN traded up $0.76 during mid-day 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's 50 day simple moving average is $81.83 and its two-hundred day simple moving average is $81.56. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a market capitalization 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 current ratio of 1.42 and a quick ratio of 1.42.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.1574 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 0.73%. Stantec's dividend payout ratio (DPR) is 26.61%.

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.