Deutsche Bank AG Increases Stock Holdings in Stantec Inc. (NYSE:STN)

Deutsche Bank AG boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,713 shares of the business services provider's stock after purchasing an additional 36,738 shares during the period. Deutsche Bank AG owned about 0.27% of Stantec worth $24,454,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of STN. Vanguard Group Inc. raised its holdings in shares of Stantec by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock worth $358,951,000 after buying an additional 74,976 shares in the last quarter. Bank of Montreal Can grew its position in Stantec by 9.5% in 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 during the last quarter. The Manufacturers Life Insurance Company raised its stake in Stantec by 19.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after acquiring an additional 542,305 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stantec by 11.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider's stock worth $155,433,000 after acquiring an additional 207,470 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Stantec by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider's stock valued at $139,230,000 after purchasing an additional 14,332 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Trading Up 0.5%

STN traded up $0.55 during trading on Tuesday, reaching $102.03. 87,864 shares of the company's stock were exchanged, compared to its average volume of 141,195. 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 Inc. has a one year low of $73.18 and a one year high of $103.29. The firm has a fifty day moving average price of $86.94 and a two-hundred day moving average price of $83.00. The stock has a market capitalization of $11.64 billion, a PE ratio of 46.32 and a beta of 0.98.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a return on equity of 16.57% and a net margin of 4.78%. As a group, equities research analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1612 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a yield of 0.63%. Stantec's payout ratio is 25.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. StockNews.com raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday. Royal Bank of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday. TD Securities reissued a "buy" rating on shares of Stantec in a report on Friday. Finally, Raymond James raised Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "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.