APG Asset Management N.V. Invests $4.18 Million in Stantec Inc. (NYSE:STN)

APG Asset Management N.V. purchased a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 55,200 shares of the business services provider's stock, valued at approximately $4,180,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STN. Bank of Nova Scotia grew its holdings in Stantec by 2.6% during the 4th quarter. Bank of Nova Scotia now owns 169,048 shares of the business services provider's stock valued at $13,261,000 after buying an additional 4,324 shares in the last quarter. Bank of Montreal Can grew its stake in Stantec by 9.5% during the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock valued at $273,970,000 after acquiring an additional 302,979 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Stantec during the 4th quarter worth approximately $205,000. Aviva PLC purchased a new stake in Stantec in the 4th quarter worth approximately $5,029,000. Finally, Geode Capital Management LLC boosted its holdings in Stantec by 31.7% in the 4th quarter. Geode Capital Management LLC now owns 689,644 shares of the business services provider's stock valued at $55,465,000 after purchasing an additional 166,063 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Stantec Price Performance

Shares of NYSE STN traded up $0.82 during midday trading on Thursday, hitting $87.61. 40,541 shares of the company's stock were exchanged, compared to its average volume of 136,193. The business's fifty day moving average price is $82.03 and its two-hundred day moving average price is $81.59. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 39.79 and a beta of 1.00. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

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

Analyst Ratings Changes

Separately, Raymond James raised 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 MarketBeat, the stock presently has a consensus rating of "Buy".

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.