Compagnie Lombard Odier SCmA Has $913,000 Stock Holdings in Stantec Inc. (NYSE:STN)

Compagnie Lombard Odier SCmA lowered its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 22.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,018 shares of the business services provider's stock after selling 3,107 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Stantec were worth $913,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA boosted its position in shares of Stantec by 4.7% during the first quarter. Union Bancaire Privee UBP SA now owns 21,696 shares of the business services provider's stock worth $1,810,000 after purchasing an additional 972 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 239 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Stantec in the 1st quarter valued at approximately $97,000. Wellington Management Group LLP increased its stake in Stantec by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock worth $31,965,000 after purchasing an additional 45,900 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Stantec during the 4th quarter worth approximately $2,153,000. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STN. Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Finally, Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Six research 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".

Stantec Stock Down 1.2%

NYSE:STN traded down $1.27 during trading hours on Friday, reaching $106.64. 213,860 shares of the stock were exchanged, compared to its average volume of 146,392. The stock has a market cap of $12.16 billion, a PE ratio of 48.47 and a beta of 1.03. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $108.34. The firm has a 50 day moving average of $94.56 and a 200 day moving average of $85.55. 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 announced 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 net margin of 4.78% and a return on equity of 16.57%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.54 billion. On average, equities analysts expect 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. Shareholders of record on Monday, June 30th will be given a dividend of $0.1612 per share. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.60%. Stantec's payout ratio is 26.86%.

Stantec 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.