Louisbourg Investments Inc. Raises Holdings in Stantec Inc. (NYSE:STN)

Louisbourg Investments Inc. increased its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 35.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,365 shares of the business services provider's stock after buying an additional 15,546 shares during the period. Louisbourg Investments Inc. owned about 0.05% of Stantec worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in STN. JPMorgan Chase & Co. raised its position in Stantec by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider's stock worth $45,559,000 after acquiring an additional 39,671 shares during the period. Wellington Management Group LLP raised its position in shares of Stantec by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock worth $31,965,000 after purchasing an additional 45,900 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock valued at $293,000 after buying an additional 300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stantec by 13.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock worth $20,699,000 after buying an additional 30,629 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Stantec by 114.3% during the 4th quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock worth $1,858,000 after buying an additional 12,627 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Price Performance

Shares of NYSE:STN traded down $1.16 during midday trading on Friday, hitting $105.19. The company had a trading volume of 215,465 shares, compared to its average volume of 169,415. The business's 50-day simple moving average is $97.02 and its 200-day simple moving average is $86.26. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 43.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38. 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 earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a return on equity of 18.22% and a net margin of 5.01%. On average, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1612 dividend. This represents a $0.64 annualized dividend and a yield of 0.61%. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. Stantec's payout ratio is presently 25.62%.

Wall Street Analyst Weigh In

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