Canoe Financial LP cut its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,059 shares of the business services provider's stock after selling 7,696 shares during the period. Canoe Financial LP owned 0.07% of Stantec worth $6,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Atria Investments Inc grew its stake in shares of Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock valued at $286,000 after buying an additional 151 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Stantec by 4.5% in the 4th quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock worth $317,000 after buying an additional 175 shares during the period. Mariner LLC increased its stake in shares of Stantec by 4.2% during the fourth quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after buying an additional 195 shares during the period. US Bancorp DE increased its stake in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after buying an additional 237 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Stantec by 37.6% in the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after acquiring an additional 239 shares in the last quarter. 63.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
STN has been the topic of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Scotiabank reiterated 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 report on Friday, May 16th. Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Finally, Raymond James Financial raised Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Six equities research 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, the stock has a consensus rating of "Buy".
View Our Latest Stock Report on Stantec
Stantec Stock Up 0.3%
STN traded up $0.35 during trading on Tuesday, hitting $106.98. The stock had a trading volume of 165,045 shares, compared to its average volume of 147,782. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $108.82. The company has a market capitalization of $12.20 billion, a PE ratio of 44.21 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 stock has a 50 day simple moving average of $97.83 and a two-hundred day simple moving average of $86.52.
Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a net margin of 5.01% and a return on equity of 18.22%. On average, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.
Stantec Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1612 dividend. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.60%. Stantec's dividend payout ratio is presently 25.62%.
Stantec Profile
(
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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