Allianz Asset Management GmbH decreased its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 41.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,815 shares of the business services provider's stock after selling 408,700 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.50% of Stantec worth $47,472,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew 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 buying an additional 424 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Stantec by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after purchasing an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in Stantec during the 1st quarter worth approximately $85,000. Versant Capital Management Inc bought a new position in Stantec in the 1st quarter valued at about $97,000. Finally, Natixis increased 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 valued at $140,000 after purchasing an additional 952 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.
Stantec Trading Down 0.7%
Shares of NYSE:STN traded down $0.83 during midday trading on Friday, reaching $110.09. The company's stock had a trading volume of 91,950 shares, compared to its average volume of 167,916. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 45.53 and a beta of 1.03. 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 firm has a 50 day moving average price of $107.01 and a two-hundred day moving average price of $91.12. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50.
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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current year.
Stantec Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.1612 per share. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Monday, June 30th. Stantec's dividend payout ratio is 27.27%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on STN. Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. CIBC reiterated an "outperform" rating on shares of Stantec 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. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Stantec currently has an average rating of "Buy".
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About Stantec
(
Free Report)
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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