DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 51,095 Shares of Stantec Inc. (NYSE:STN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,750 shares of the business services provider's stock after selling 51,095 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.15% of Stantec worth $13,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc increased its position in shares of Stantec by 4.3% during 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 last quarter. Signaturefd LLC grew its position in Stantec by 4.5% during the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock valued at $317,000 after buying an additional 175 shares during the period. Mariner LLC increased its holdings in Stantec by 4.2% during the fourth quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after buying an additional 195 shares during the last quarter. US Bancorp DE raised its position in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after acquiring an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of 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 acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Price Performance

Shares of STN traded down $0.30 during trading hours on Wednesday, reaching $94.33. 211,753 shares of the stock traded hands, compared to its average volume of 139,247. The company has a market cap of $10.76 billion, a P/E ratio of 42.88 and a beta of 0.98. 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 company's 50-day moving average price is $85.59 and its two-hundred day moving average price is $82.52. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $95.53.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. Stantec had a return on equity of 16.57% and a net margin of 4.78%. On average, analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.1574 per share. This is a positive change 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 dividend yield of 0.67%. Stantec's dividend payout ratio (DPR) is presently 26.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STN shares. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average 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.