Zurcher Kantonalbank Zurich Cantonalbank Has $27.97 Million Holdings in Stantec Inc. (NYSE:STN)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,394 shares of the business services provider's stock after selling 16,409 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.30% of Stantec worth $27,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Triad Wealth Partners LLC purchased a new stake in Stantec in the 2nd quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. bought a new position in Stantec during the second quarter worth about $71,000. Blue Trust Inc. raised its position in shares of Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock worth $81,000 after acquiring an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider's stock valued at $83,000 after purchasing an additional 326 shares during the period. Finally, US Bancorp DE raised its position in Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after acquiring an additional 493 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Stock Performance

Shares of STN stock traded up $1.31 during trading hours on Friday, reaching $87.02. 68,452 shares of the company traded hands, compared to its average volume of 121,529. The company has a market cap of $9.93 billion, a P/E ratio of 39.56 and a beta of 1.02. The firm has a 50-day moving average price of $82.91 and a 200 day moving average price of $82.60. Stantec Inc. has a 12-month low of $70.95 and a 12-month high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec Increases Dividend

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

Analyst Ratings Changes

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

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.