3,500 Shares in Stantec Inc. (NYSE:STN) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,500 shares of the business services provider's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Stantec by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock worth $358,951,000 after purchasing an additional 74,976 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 worth $155,433,000 after purchasing an additional 207,470 shares during the last quarter. National Bank of Canada FI grew its holdings in Stantec by 54.6% during the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider's stock worth $116,897,000 after buying an additional 513,269 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Stantec by 5.3% during the 4th quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider's stock worth $76,968,000 after acquiring an additional 48,972 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Stantec by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider's stock valued at $45,559,000 after purchasing an additional 39,671 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of 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, Based on data from MarketBeat, Stantec currently has a consensus rating of "Buy".

Stantec Price Performance

Shares of NYSE:STN traded up $1.32 on Tuesday, hitting $84.16. The company's stock had a trading volume of 30,810 shares, compared to its average volume of 130,562. 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 company has a 50-day simple moving average of $80.51 and a 200 day simple moving average of $81.27. The company has a market capitalization of $9.60 billion, a PE ratio of 38.25 and a beta of 1.04. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $90.24.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.1574 dividend. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. Stantec's dividend payout ratio is 26.61%.

About Stantec

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.