Swiss National Bank Decreases Stake in Stantec Inc. (NYSE:STN)

Swiss National Bank trimmed its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 331,270 shares of the business services provider's stock after selling 13,700 shares during the quarter. Swiss National Bank owned about 0.29% of Stantec worth $25,978,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of STN. Blue Trust Inc. grew its stake in shares of Stantec by 78.4% during the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after buying an additional 764 shares during the period. US Bancorp DE boosted its holdings in Stantec by 11.2% in the fourth 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 last quarter. FORA Capital LLC purchased a new stake in Stantec during the third quarter valued at about $213,000. Atria Investments Inc increased its stake in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after acquiring an additional 151 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy".

Stantec Stock Down 1.9 %

Stantec stock traded down $1.60 during trading on Friday, reaching $82.05. 210,865 shares of the company's stock were exchanged, compared to its average volume of 116,429. The company's 50-day moving average is $79.66 and its two-hundred day moving average is $81.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 37.30 and a beta of 1.04.

Stantec Increases Dividend

The business also recently announced 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. 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 0.77%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 26.61%.

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.