BNP Paribas Financial Markets Has $1.86 Million Stock Position in Stantec Inc. (NYSE:STN)

BNP Paribas Financial Markets raised its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 114.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,679 shares of the business services provider's stock after purchasing an additional 12,627 shares during the period. BNP Paribas Financial Markets' holdings in Stantec were worth $1,858,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of STN. Norges Bank bought a new stake in Stantec in the 4th quarter valued at about $110,221,000. The Manufacturers Life Insurance Company grew its holdings in shares of Stantec by 19.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after purchasing an additional 542,305 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Stantec by 9.5% during the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock worth $273,970,000 after purchasing an additional 302,979 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stantec by 11.7% during the 4th 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 purchasing an additional 207,470 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Stantec by 90.5% during the 4th quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider's stock worth $29,339,000 after purchasing an additional 177,692 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Stantec Price Performance

STN stock traded up $0.28 during trading on Tuesday, reaching $101.76. 340,542 shares of the company were exchanged, compared to its average volume of 142,563. The company has a 50-day moving average of $87.37 and a two-hundred day moving average of $83.13. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 46.25 and a beta of 0.98. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $103.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.54 billion. Stantec had a net margin of 4.78% and a return on equity of 16.57%. As a group, equities analysts predict 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 given a $0.1612 dividend. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's dividend payout ratio is 25.62%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STN shares. Raymond James raised Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. TD Securities reaffirmed a "buy" rating on shares of Stantec in a report on Friday. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. StockNews.com raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Stantec in a report on Friday. Six investment 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, Stantec presently has an average 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.