DekaBank Deutsche Girozentrale Sells 194,000 Shares of Stantec Inc. (NYSE:STN)

DekaBank Deutsche Girozentrale decreased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 28.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 491,175 shares of the business services provider's stock after selling 194,000 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.43% of Stantec worth $39,530,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 424 shares in the last quarter. Parallel Advisors LLC boosted its position 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 purchasing an additional 239 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Stantec in the 1st quarter worth approximately $85,000. Versant Capital Management Inc bought a new stake in shares of Stantec in the 1st quarter worth approximately $97,000. Finally, Natixis boosted its position in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after purchasing an additional 952 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STN. Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Wall Street Zen raised Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Stantec Stock Performance

Shares of NYSE:STN traded up $0.03 during midday trading on Friday, hitting $110.43. The company had a trading volume of 135,931 shares, compared to its average volume of 151,589. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 45.63 and a beta of 1.03. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $110.61. The company has a fifty day moving average of $103.86 and a two-hundred day moving average of $89.23.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data 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. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Stantec had a return on equity of 18.22% and a net margin of 5.01%. On average, equities research analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.58%. Stantec's dividend payout ratio (DPR) is presently 27.27%.

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.