Free Trial

Burgundy Asset Management Ltd. Trims Position in Stantec Inc. (NYSE:STN)

Stantec logo with Business Services background

Burgundy Asset Management Ltd. lowered its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,014,121 shares of the business services provider's stock after selling 5,341 shares during the period. Burgundy Asset Management Ltd. owned approximately 0.89% of Stantec worth $79,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of STN. Vanguard Group Inc. lifted its position in Stantec by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock valued at $358,951,000 after purchasing an additional 74,976 shares during the last quarter. Bank of Montreal Can raised its holdings in 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 valued at $273,970,000 after buying an additional 302,979 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 valued at $262,791,000 after buying an additional 542,305 shares during the period. Royal Bank of Canada boosted its position in Stantec by 9.5% during the 4th quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock valued at $236,055,000 after buying an additional 261,705 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stantec by 11.7% in 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 acquiring an additional 207,470 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STN shares. TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note 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. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy".

Get Our Latest Stock Report on STN

Stantec Stock Up 0.9%

Shares of Stantec stock traded up $0.97 during trading on Wednesday, hitting $104.39. The company's stock had a trading volume of 73,342 shares, compared to its average volume of 144,713. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $104.47. The company has a market capitalization of $11.91 billion, a PE ratio of 47.45 and a beta of 0.98. The company has a fifty day simple moving average of $89.21 and a two-hundred day simple moving average of $83.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its earnings results on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.1612 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. Stantec's payout ratio is currently 25.62%.

Stantec Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Stantec (NYSE:STN)

Should You Invest $1,000 in Stantec Right Now?

Before you consider Stantec, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stantec wasn't on the list.

While Stantec currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines