Compagnie Lombard Odier SCmA Cuts Stake in Stantec Inc. (NYSE:STN)

Compagnie Lombard Odier SCmA trimmed its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 22.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after purchasing an additional 424 shares during the period. Parallel Advisors LLC lifted its stake in shares of Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after acquiring an additional 239 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Stantec in the 1st quarter worth $97,000. Natixis lifted its position in Stantec by 114.8% in the fourth quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after purchasing an additional 952 shares during the period. Finally, US Bancorp DE lifted its position in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after purchasing an additional 237 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on STN shares. Wall Street Zen raised Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. TD Securities reiterated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Finally, Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. 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.com, the stock currently has a consensus rating of "Buy".

Stantec Price Performance

Shares of NYSE:STN traded up $1.27 during midday trading on Monday, hitting $107.99. 188,699 shares of the stock were exchanged, compared to its average volume of 146,879. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.32 billion, a P/E ratio of 49.09 and a beta of 1.03. The company has a 50 day moving average price of $95.71 and a 200-day moving average price of $85.84. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $108.34.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a return on equity of 16.57% and a net margin of 4.78%. On average, research analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current 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 paid a dividend of $0.1612 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is currently 26.86%.

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.