Neuberger Berman Group LLC Has $1.43 Million Stock Holdings in Stantec Inc. (NYSE:STN)

Neuberger Berman Group LLC lowered its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,283 shares of the business services provider's stock after selling 5,378 shares during the quarter. Neuberger Berman Group LLC's holdings in Stantec were worth $1,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STN. Norges Bank acquired a new stake in shares of Stantec in the 4th quarter valued at $110,221,000. Bank of Montreal Can boosted its holdings in Stantec by 9.5% in the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock valued at $273,970,000 after acquiring an additional 302,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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. Clearbridge Investments LLC increased its position in Stantec by 90.5% in the fourth quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider's stock worth $29,339,000 after purchasing an additional 177,692 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Stantec by 31.7% during the 4th quarter. Geode Capital Management LLC now owns 689,644 shares of the business services provider's stock worth $55,465,000 after purchasing an additional 166,063 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

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Stantec Trading Up 0.9 %

Shares of STN stock traded up $0.76 during trading hours on Tuesday, reaching $86.74. The company had a trading volume of 245,616 shares, compared to its average volume of 136,055. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 39.43 and a beta of 1.00. The company has a 50 day moving average of $81.83 and a 200 day moving average of $81.56.

Stantec Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stantec 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.