Bank of Montreal Can Grows Stock Position in Stantec Inc. (NYSE:STN)

Bank of Montreal Can increased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 9.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,496,408 shares of the business services provider's stock after buying an additional 302,979 shares during the quarter. Bank of Montreal Can owned about 3.07% of Stantec worth $273,970,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STN. Blue Trust Inc. grew its position in Stantec by 78.4% during the 4th 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 last quarter. US Bancorp DE increased 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 acquiring an additional 237 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Stantec during the 4th quarter valued at approximately $205,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stantec during the 4th quarter worth approximately $212,000. Finally, Sava Infond d.o.o. purchased a new position in shares of Stantec in the 4th quarter valued at approximately $275,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Price Performance

STN stock traded up $1.98 on Friday, reaching $85.31. The company had a trading volume of 142,249 shares, compared to its average volume of 135,261. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $9.73 billion, a P/E ratio of 38.78 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's fifty day moving average is $81.43 and its 200 day moving average is $81.48.

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Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.1574 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 0.74%. Stantec's dividend payout ratio is 26.61%.

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, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

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.