Aviso Financial Inc. Purchases 15,392 Shares of Stantec Inc. $STN

Key Points

• Aviso Financial Inc. increased its stake in Stantec Inc. by 61.9%, acquiring an additional 15,392 shares during the first quarter, bringing its total holdings to 40,266 shares valued at approximately $3.34 million.
• Stantec has recently seen support from institutional investors, with 63.86% of its stock currently held by these entities, highlighting a strong interest in the company.
• The company will pay a quarterly dividend of $0.1635 on October 15th, marking an increase from the previous dividend and representing a yield of 0.6%.

Aviso Financial Inc. boosted its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 61.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,266 shares of the business services provider's stock after acquiring an additional 15,392 shares during the period. Aviso Financial Inc.'s holdings in Stantec were worth $3,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mariner LLC grew its holdings in Stantec by 4.2% during the 4th 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 in the last quarter. Parallel Advisors LLC grew its holdings in Stantec by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after buying an additional 239 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after buying an additional 424 shares in the last quarter. ELCO Management Co. LLC grew its holdings in Stantec by 9.8% during the 1st quarter. ELCO Management Co. LLC now owns 7,337 shares of the business services provider's stock valued at $608,000 after buying an additional 653 shares in the last quarter. Finally, Natixis grew its holdings in Stantec by 114.8% during the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after buying an additional 952 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on STN shares. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday. CIBC reissued an "outperform" rating on shares of Stantec in a report on Friday, July 18th. TD Securities restated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec presently has a consensus rating of "Buy".

Stantec Trading Up 0.3%

Shares of Stantec stock opened at $106.41 on Monday. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The firm has a market cap of $12.14 billion, a PE ratio of 38.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50 day simple moving average of $108.91 and a two-hundred day simple moving average of $94.76.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a $0.1635 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's dividend payout ratio is currently 24.09%.

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.

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