Skandinaviska Enskilda Banken AB publ Sells 4,468 Shares of Stantec Inc. (NYSE:STN)

Skandinaviska Enskilda Banken AB publ decreased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,123 shares of the business services provider's stock after selling 4,468 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Stantec were worth $4,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of STN. Tower Research Capital LLC TRC boosted its stake in shares of Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares during the last quarter. Parallel Advisors LLC boosted its stake 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 buying an additional 239 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Stantec in the 1st quarter worth $85,000. Versant Capital Management Inc purchased a new position in shares of Stantec in the 1st quarter worth $97,000. Finally, Natixis boosted its stake in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after buying an additional 952 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STN shares. Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Stantec Stock Performance

NYSE STN traded up $0.14 on Tuesday, hitting $108.62. 251,773 shares of the company traded hands, compared to its average volume of 134,771. The business's 50 day moving average price is $107.34 and its 200-day moving average price is $91.78. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.50. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 44.88 and a beta of 1.03. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings data 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.1612 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.59%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date was Monday, June 30th. Stantec's payout ratio is presently 27.27%.

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.