Ritholtz Wealth Management Has $1.74 Million Stock Holdings in Stantec Inc. (NYSE:STN)

Ritholtz Wealth Management decreased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,958 shares of the business services provider's stock after selling 3,271 shares during the period. Ritholtz Wealth Management's holdings in Stantec were worth $1,736,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in STN. Mackenzie Financial Corp increased its holdings in shares of Stantec by 166.5% in the 4th 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 during the period. Norges Bank acquired a new position in shares of Stantec in the 4th quarter valued at about $110,221,000. Janus Henderson Group PLC acquired a new position in shares of Stantec in the 4th quarter valued at about $56,191,000. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 19.3% in the 4th 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 purchasing an additional 542,305 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Stantec by 9.5% in the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock valued at $273,970,000 after purchasing an additional 302,979 shares during the period. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Down 0.1%

NYSE:STN traded down $0.15 during mid-day trading on Wednesday, reaching $106.33. The stock had a trading volume of 89,773 shares, compared to its average volume of 147,235. The business's 50 day moving average is $96.56 and its 200 day moving average is $86.13. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $108.34. The stock has a market cap of $12.13 billion, a P/E ratio of 43.94 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 (NYSE:STN - Get Free Report) TSE: STN last announced 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 return on equity of 18.22% and a net margin of 5.01%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, sell-side analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently declared 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 represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, June 30th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 25.62%.

Wall Street Analyst Weigh In

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