O Shaughnessy Asset Management LLC Has $5.88 Million Position in Stantec Inc. (NYSE:STN)

O Shaughnessy Asset Management LLC lowered its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,968 shares of the business services provider's stock after selling 3,535 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of Stantec worth $5,880,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STN. BNP Paribas Financial Markets grew its holdings in shares of Stantec by 19.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider's stock valued at $889,000 after buying an additional 1,800 shares during the period. Bridgewater Associates LP lifted its holdings in Stantec by 24.3% during the third quarter. Bridgewater Associates LP now owns 5,014 shares of the business services provider's stock worth $404,000 after acquiring an additional 980 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Stantec by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,124 shares of the business services provider's stock valued at $12,876,000 after acquiring an additional 2,872 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Stantec in the third quarter worth about $479,000. Finally, Stifel Financial Corp grew its position in shares of Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after purchasing an additional 126 shares during the period. Institutional investors own 63.86% of the company's stock.

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Wall Street Analyst Weigh In

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

Stantec Stock Down 5.2 %

NYSE STN traded down $4.40 on Friday, reaching $80.31. The company had a trading volume of 276,614 shares, compared to its average volume of 132,302. The company's fifty day moving average is $80.78 and its 200-day moving average is $81.40. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 36.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current 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 issued a dividend of $0.1574 per share. The ex-dividend date is Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.78%. Stantec's dividend payout ratio (DPR) is presently 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.