Zurcher Kantonalbank Zurich Cantonalbank Sells 17,501 Shares of Stantec Inc. (NYSE:STN)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,893 shares of the business services provider's stock after selling 17,501 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.29% of Stantec worth $25,869,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after acquiring an additional 764 shares during the period. US Bancorp DE lifted its holdings in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock valued at $171,000 after purchasing an additional 493 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Stantec in the 3rd quarter valued at approximately $213,000. Atria Investments Inc grew its position in shares of Stantec by 4.3% in the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock valued at $286,000 after purchasing an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Stantec by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Stantec Stock Down 3.4 %

NYSE:STN opened at $80.83 on Wednesday. The stock has a 50-day simple moving average of $78.93 and a 200 day simple moving average of $81.06. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24. The company has a market cap of $9.22 billion, a PE ratio of 36.74 and a beta of 1.04. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1574 per share. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, March 28th. Stantec's dividend payout ratio (DPR) is currently 26.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on STN shares. Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy".

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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.

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