TD Waterhouse Canada Inc. Reduces Position in Stantec Inc. (NYSE:STN)

TD Waterhouse Canada Inc. cut its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,565 shares of the business services provider's stock after selling 20,317 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.36% of Stantec worth $32,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Stantec by 78.4% during the fourth 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 period. Natixis boosted its holdings in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after acquiring an additional 952 shares during the last quarter. US Bancorp DE increased its stake in shares of Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after acquiring an additional 237 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Stantec during the fourth quarter worth $205,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stantec during the fourth quarter valued at $212,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

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

Stantec Price Performance

Shares of NYSE:STN traded down $1.06 during midday trading on Friday, reaching $87.04. 177,699 shares of the company's stock traded hands, compared to its average volume of 137,126. The company has a market cap of $9.93 billion, a P/E ratio of 39.56 and a beta of 1.00. The company has a fifty day simple moving average of $83.35 and a two-hundred day simple moving average of $81.84. 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 1 year low of $73.18 and a 1 year high of $90.24.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were given a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is 26.61%.

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.