Marshall Wace LLP Grows Position in Stantec Inc. (NYSE:STN)

Marshall Wace LLP boosted its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 132.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 52,038 shares of the business services provider's stock after purchasing an additional 29,667 shares during the period. Marshall Wace LLP's holdings in Stantec were worth $4,082,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Stantec Stock Performance

STN traded down $0.15 on Tuesday, reaching $87.32. The company had a trading volume of 50,182 shares, compared to its average volume of 136,608. The stock has a 50-day moving average price of $83.53 and a 200-day moving average price of $81.84. The stock has a market capitalization of $9.96 billion, a PE ratio of 39.72 and a beta of 1.00. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a dividend of $0.1574 per share. The ex-dividend date was Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a yield of 0.72%. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is currently 26.61%.

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.