Stantec Inc. (NYSE:STN) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. trimmed its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,097 shares of the business services provider's stock after selling 39,481 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.19% of Stantec worth $16,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of STN. Blue Trust Inc. grew 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 valued at $140,000 after acquiring an additional 764 shares in the last quarter. US Bancorp DE raised its stake in Stantec by 11.2% during the fourth 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. FORA Capital LLC bought a new position in Stantec during the third quarter valued at $213,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Stantec in the fourth quarter worth about $212,000. Finally, Sava Infond d.o.o. purchased a new stake in Stantec during the fourth quarter valued at approximately $275,000. Institutional investors own 63.86% of the company's stock.

Stantec Stock Performance

Shares of NYSE:STN traded up $0.80 on Tuesday, hitting $83.64. 38,762 shares of the company were exchanged, compared to its average volume of 152,020. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $80.51 and its 200 day moving average price is $81.27. The firm has a market capitalization of $9.54 billion, a P/E ratio of 38.02 and a beta of 1.04. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24.

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Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.75%. Stantec's payout ratio is currently 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".

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.