Jane Street Group LLC Grows Position in Stantec Inc. (NYSE:STN)

Jane Street Group LLC boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 199.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,741 shares of the business services provider's stock after acquiring an additional 8,480 shares during the period. Jane Street Group LLC's holdings in Stantec were worth $1,000,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Stantec by 73.2% during the third quarter. Barclays PLC now owns 31,001 shares of the business services provider's stock valued at $2,493,000 after acquiring an additional 13,107 shares in the last quarter. Blue Trust Inc. increased its position in shares of Stantec by 78.4% during the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock valued at $140,000 after acquiring an additional 764 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Stantec in the 4th quarter worth approximately $1,635,000. Cibc World Market Inc. raised its stake in shares of Stantec by 4.5% in the fourth quarter. Cibc World Market Inc. now owns 228,418 shares of the business services provider's stock worth $17,914,000 after purchasing an additional 9,802 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Stantec by 5.2% during the fourth quarter. Jennison Associates LLC now owns 103,304 shares of the business services provider's stock valued at $8,101,000 after purchasing an additional 5,129 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Performance

Shares of STN stock traded up $0.58 during trading hours on Wednesday, reaching $104.00. 145,179 shares of the company traded hands, compared to its average volume of 145,125. The firm has a 50-day moving average price of $89.65 and a 200 day moving average price of $83.92. The company has a market cap of $11.86 billion, a P/E ratio of 47.27 and a beta of 0.98. 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 Inc. has a 12-month low of $73.18 and a 12-month high of $104.49.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share 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 net margin of 4.78% and a return on equity of 16.57%. As a group, sell-side analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1612 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.64 annualized dividend and a yield of 0.62%. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is currently 25.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on STN shares. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. TD Securities reissued a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Wall Street Zen raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Stantec presently has an average rating of "Buy".

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.