Wellington Management Group LLP Buys 45,900 Shares of Stantec Inc. (NYSE:STN)

Wellington Management Group LLP increased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,626 shares of the business services provider's stock after purchasing an additional 45,900 shares during the period. Wellington Management Group LLP owned approximately 0.36% of Stantec worth $31,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in shares of Stantec by 19.5% in the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stantec by 1.8% during the third 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 worth $12,876,000 after acquiring an additional 2,872 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Stantec during the third quarter worth $479,000. Stifel Financial Corp lifted its holdings in shares of Stantec by 3.1% during the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after acquiring an additional 126 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Stantec in the 3rd quarter valued at $335,000. Institutional investors own 63.86% of the company's stock.

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Analyst Ratings Changes

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

Stantec Price Performance

STN stock traded up $1.98 during midday trading on Friday, reaching $85.31. 142,249 shares of the company's stock traded hands, compared to its average volume of 135,261. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 38.78 and a beta of 1.00. The company has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $81.48. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24.

Stantec Increases Dividend

The firm 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 is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.74%. Stantec's dividend payout ratio (DPR) is 26.61%.

Stantec Company 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.