Stantec Inc. (NYSE:STN) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 781.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,118 shares of the business services provider's stock after acquiring an additional 164,998 shares during the period. Intact Investment Management Inc. owned 0.16% of Stantec worth $15,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its stake 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 worth $1,751,093,000 after acquiring an additional 13,958,790 shares during the period. Vanguard Group Inc. lifted its stake in Stantec by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock valued at $358,951,000 after purchasing an additional 74,976 shares during the last quarter. Bank of Montreal Can lifted its stake in Stantec by 9.5% during the fourth 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 last quarter. The Manufacturers Life Insurance Company lifted its stake in Stantec by 19.3% during the fourth 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 last quarter. Finally, Royal Bank of Canada lifted its stake in Stantec by 9.5% during the fourth quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock valued at $236,055,000 after purchasing an additional 261,705 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STN has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. TD Securities reissued a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Raymond James Financial raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. Finally, Wall Street Zen raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Six 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 Down 1.1%

STN stock opened at $105.19 on Friday. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $108.34. The company's 50 day simple moving average is $97.41 and its 200-day simple moving average is $86.39. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $12.00 billion, a P/E ratio of 43.47 and a beta of 1.03.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Stantec had a net margin of 5.01% and a return on equity of 18.22%. As a group, equities research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

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

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.

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