Lbp Am Sa Grows Stock Position in Stantec Inc. (NYSE:STN)

LBP AM SA increased its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,638 shares of the business services provider's stock after purchasing an additional 3,433 shares during the quarter. LBP AM SA's holdings in Stantec were worth $3,863,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in STN. Mackenzie Financial Corp grew its position in shares of Stantec by 166.5% in the fourth quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock valued at $1,751,093,000 after purchasing an additional 13,958,790 shares in the last quarter. Norges Bank bought a new stake in Stantec during the fourth quarter valued at $110,221,000. Janus Henderson Group PLC bought a new stake in Stantec during the fourth quarter valued at $56,191,000. The Manufacturers Life Insurance Company boosted its stake in Stantec by 19.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock valued at $262,791,000 after buying an additional 542,305 shares during the period. Finally, Bank of Montreal Can boosted its stake in Stantec by 9.5% during the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock valued at $273,970,000 after buying an additional 302,979 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Wall Street Zen raised Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, TD Securities reissued a "buy" rating on shares of Stantec in a research note 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

Stantec Price Performance

STN stock traded up $1.47 during mid-day trading on Monday, hitting $111.90. 129,292 shares of the stock were exchanged, compared to its average volume of 151,654. 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 business has a fifty day moving average price of $103.86 and a 200 day moving average price of $89.23. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $112.13. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 46.24 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. Stantec had a return on equity of 18.22% and a net margin of 5.01%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, sell-side analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.64 annualized dividend and a yield of 0.58%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is 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.