Stantec Inc. (NYSE:STN) is Mackenzie Financial Corp's 6th Largest Position

Mackenzie Financial Corp grew its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 166.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,342,818 shares of the business services provider's stock after acquiring an additional 13,958,790 shares during the quarter. Stantec accounts for approximately 2.3% of Mackenzie Financial Corp's holdings, making the stock its 6th biggest holding. Mackenzie Financial Corp owned approximately 19.59% of Stantec worth $1,751,093,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of STN. Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 424 shares during the period. Blue Trust Inc. grew its stake in shares of Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after purchasing an additional 764 shares during the last quarter. Natixis grew its stake in shares of Stantec by 114.8% in the fourth quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after purchasing an additional 952 shares during the last quarter. US Bancorp DE grew its stake in shares of Stantec by 11.2% in the fourth 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 during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Stantec in the fourth quarter worth about $205,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STN has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. TD Securities reiterated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

Stantec Stock Performance

NYSE:STN traded up $1.49 during mid-day trading on Tuesday, reaching $103.32. The company's stock had a trading volume of 222,635 shares, compared to its average volume of 144,993. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $110.12. The firm's fifty day moving average price is $89.21 and its two-hundred day moving average price is $83.78. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.78 billion, a P/E ratio of 46.96 and a beta of 0.98.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Stantec had a net margin of 4.78% and a return on equity of 16.57%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm 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 dividend of $0.1612 per share. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's dividend 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.