ExodusPoint Capital Management LP Sells 12,614 Shares of Stantec Inc. (NYSE:STN)

ExodusPoint Capital Management LP decreased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 75.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,000 shares of the business services provider's stock after selling 12,614 shares during the quarter. ExodusPoint Capital Management LP's holdings in Stantec were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp grew its stake in Stantec by 3.1% during the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock worth $341,000 after purchasing an additional 126 shares during the period. Atria Investments Inc lifted 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 acquiring an additional 151 shares during the period. Signaturefd LLC boosted its stake in Stantec by 4.5% during the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock worth $317,000 after acquiring an additional 175 shares in the last quarter. US Bancorp DE grew its holdings 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 purchasing an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Stantec by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock valued at $293,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Up 0.6 %

Shares of NYSE:STN traded up $0.53 during trading on Friday, reaching $87.32. 151,332 shares of the stock were exchanged, compared to its average volume of 137,109. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The stock has a fifty day moving average of $82.21 and a two-hundred day moving average of $81.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 39.69 and a beta of 1.00.

Stantec Increases Dividend

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

Analyst Ratings Changes

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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock 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.