CANADA LIFE ASSURANCE Co Purchases 4,802 Shares of Stantec Inc. (NYSE:STN)

CANADA LIFE ASSURANCE Co lifted its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,433 shares of the business services provider's stock after purchasing an additional 4,802 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.23% of Stantec worth $20,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Stantec by 78.4% during the 4th 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 last quarter. US Bancorp DE raised its position in Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after purchasing an additional 237 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Stantec during the 4th quarter worth about $205,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stantec in the 4th quarter valued at about $212,000. Finally, Sava Infond d.o.o. bought a new position in shares of Stantec during the fourth quarter worth about $275,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Trading Down 1.5 %

Shares of NYSE:STN traded down $1.28 during midday trading on Friday, reaching $86.82. The company's stock had a trading volume of 86,480 shares, compared to its average volume of 136,598. The firm has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $81.81. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 39.50 and a beta of 1.00. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a $0.1574 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 0.73%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 26.61%.

Analyst Upgrades and Downgrades

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