7,200 Shares in Stantec Inc. (NYSE:STN) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,200 shares of the business services provider's stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in shares of Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the period. Natixis lifted its stake in Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after purchasing an additional 952 shares in the last quarter. US Bancorp DE grew its holdings 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 valued at $185,000 after purchasing an additional 237 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Stantec in the fourth quarter worth $205,000. Institutional investors own 63.86% of the company's stock.

Stantec Trading Down 1.0%

STN traded down $0.98 during midday trading on Monday, hitting $93.38. The company's stock had a trading volume of 149,013 shares, compared to its average volume of 138,866. The firm has a 50-day moving average price of $85.36 and a two-hundred day moving average price of $82.43. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $99.20. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $10.65 billion, a P/E ratio of 42.45 and a beta of 0.98.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.1574 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, March 28th. Stantec's payout ratio is currently 26.61%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Raymond James upgraded shares of 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 company currently has an average rating of "Buy".

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.