Fiera Capital Corp Sells 88,573 Shares of Stantec Inc. (NYSE:STN)

Fiera Capital Corp decreased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,342,505 shares of the business services provider's stock after selling 88,573 shares during the quarter. Fiera Capital Corp owned about 2.05% of Stantec worth $194,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in 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 buying an additional 424 shares in the last quarter. Parallel Advisors LLC lifted its stake in Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after purchasing an additional 239 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Stantec during the first quarter worth $85,000. Versant Capital Management Inc bought a new stake in Stantec during the first quarter worth $97,000. Finally, Natixis lifted its stake in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after acquiring an additional 952 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Down 1.5%

Shares of NYSE:STN opened at $108.54 on Tuesday. The firm has a market cap of $12.38 billion, a P/E ratio of 44.85 and a beta of 1.03. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50. The business has a fifty day simple moving average of $107.34 and a 200 day simple moving average of $91.78.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The business 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%. Analysts predict 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.1612 per share. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, June 30th. Stantec's dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of research reports. Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. CIBC reiterated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. TD Securities reiterated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

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.

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