Quantbot Technologies LP Grows Holdings in Stantec Inc. (NYSE:STN)

Quantbot Technologies LP raised its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 98.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,818 shares of the business services provider's stock after purchasing an additional 9,814 shares during the quarter. Quantbot Technologies LP's holdings in Stantec were worth $1,594,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider's stock worth $225,537,000 after buying an additional 1,536,475 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Stantec in the 3rd quarter worth about $655,000. Advisors Asset Management Inc. raised its position in Stantec by 4.8% in the third quarter. Advisors Asset Management Inc. now owns 42,310 shares of the business services provider's stock valued at $3,402,000 after purchasing an additional 1,926 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stantec by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider's stock worth $142,817,000 after purchasing an additional 48,009 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Stantec by 5.6% in the third quarter. Caprock Group LLC now owns 11,091 shares of the business services provider's stock valued at $894,000 after buying an additional 585 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James cut shares of Stantec from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 8th. StockNews.com raised Stantec from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Scotiabank began coverage on shares of Stantec in a research report on Friday, October 25th. They set a "sector outperform" rating for the company. Finally, Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Stantec Stock Up 1.5 %

Stantec stock traded up $1.31 during midday trading on Friday, reaching $87.02. The stock had a trading volume of 68,452 shares, compared to its average volume of 121,529. The company has a fifty day moving average price of $82.91 and a two-hundred day moving average price of $82.60. The company has a market capitalization of $9.93 billion, a P/E ratio of 39.56 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $70.95 and a 12 month high of $88.42.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This is a boost from Stantec's previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec's dividend payout ratio (DPR) is currently 28.18%.

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.