Quantbot Technologies LP decreased its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 53.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,134 shares of the business services provider's stock after selling 10,684 shares during the period. Quantbot Technologies LP's holdings in Stantec were worth $717,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Stantec during the third quarter worth about $655,000. BNP Paribas Financial Markets grew its stake in Stantec by 19.5% during the third quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider's stock worth $889,000 after buying an additional 1,800 shares during the period. Bridgewater Associates LP boosted its position in Stantec by 24.3% during the 3rd quarter. Bridgewater Associates LP now owns 5,014 shares of the business services provider's stock worth $404,000 after purchasing an additional 980 shares during the period. FORA Capital LLC purchased a new stake in Stantec during the 3rd quarter worth $213,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Stantec by 1.8% in the 3rd 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 purchasing an additional 2,872 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Raymond James raised 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 MarketBeat, the stock has an average rating of "Buy".
Read Our Latest Analysis on STN
Stantec Stock Down 1.7 %
Shares of Stantec stock traded down $1.38 during trading hours on Friday, hitting $82.04. 230,675 shares of the company's stock traded hands, compared to its average volume of 130,741. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The stock has a 50 day simple moving average of $80.40 and a 200-day simple moving average of $81.24. The company has a market cap of $9.36 billion, a PE ratio of 37.29 and a beta of 1.04.
Stantec Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.77%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec's dividend payout ratio is 26.61%.
Stantec Profile
(
Free Report)
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.
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