Mn Services Vermogensbeheer B.V. Has $3.36 Million Holdings in Stantec Inc. (NYSE:STN)

Mn Services Vermogensbeheer B.V. trimmed its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,500 shares of the business services provider's stock after selling 4,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Stantec were worth $3,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of STN. Union Bancaire Privee UBP SA boosted its position in shares of Stantec by 4.7% in the 1st quarter. Union Bancaire Privee UBP SA now owns 21,696 shares of the business services provider's stock valued at $1,810,000 after purchasing an additional 972 shares during the period. Parallel Advisors LLC lifted its stake in Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after buying an additional 239 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Stantec in the first quarter worth about $97,000. Wellington Management Group LLP increased its position in shares of Stantec by 12.7% in the fourth quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock worth $31,965,000 after acquiring an additional 45,900 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Stantec during the fourth quarter valued at approximately $2,153,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Down 0.1%

Shares of NYSE:STN traded down $0.15 during midday trading on Wednesday, hitting $106.33. 89,773 shares of the stock were exchanged, compared to its average volume of 146,846. The company has a market capitalization of $12.13 billion, a PE ratio of 43.94 and a beta of 1.03. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $108.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. The business's fifty day simple moving average is $96.14 and its two-hundred day simple moving average is $85.99.

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 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 analyst estimates of $1.54 billion. Stantec had a return on equity of 18.22% and a net margin of 5.01%. As a group, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1612 per share. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. Stantec's dividend payout ratio is 26.86%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Raymond James Financial upgraded 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 Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stantec presently has a consensus 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.