Louisbourg Investments Inc. Purchases 15,546 Shares of Stantec Inc. (NYSE:STN)

Louisbourg Investments Inc. boosted its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 35.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,365 shares of the business services provider's stock after acquiring an additional 15,546 shares during the quarter. Louisbourg Investments Inc. owned 0.05% of Stantec worth $4,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atria Investments Inc increased its stake in shares of Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock valued at $286,000 after buying an additional 151 shares during the period. Signaturefd LLC boosted its holdings in Stantec by 4.5% in the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock valued at $317,000 after acquiring an additional 175 shares in the last quarter. Mariner LLC increased its position in Stantec by 4.2% during the 4th quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after purchasing an additional 195 shares during the period. US Bancorp DE raised its holdings in Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after purchasing an additional 237 shares in the last quarter. Finally, Parallel Advisors LLC lifted 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 during the period. 63.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Stantec Stock Down 0.1%

Shares of NYSE STN traded down $0.15 on Wednesday, reaching $106.33. 89,773 shares of the company's stock traded hands, compared to its average volume of 147,235. The business's 50 day simple moving average is $96.56 and its two-hundred day simple moving average is $86.13. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $108.34. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 43.94 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 (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $1.08 billion for 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%. As a group, equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

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

About Stantec

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.