Principal Financial Group Inc. Has $27.20 Million Holdings in Stantec Inc. (NYSE:STN)

Principal Financial Group Inc. lessened its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 328,180 shares of the business services provider's stock after selling 21,400 shares during the period. Principal Financial Group Inc. owned approximately 0.29% of Stantec worth $27,198,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in Stantec by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 146,866 shares of the business services provider's stock worth $11,522,000 after acquiring an additional 8,244 shares in the last quarter. US Bancorp DE grew its stake in shares of Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after purchasing an additional 237 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock valued at $293,000 after purchasing an additional 300 shares during the last quarter. Atria Investments Inc boosted its holdings in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after buying an additional 151 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Stantec by 0.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 403,099 shares of the business services provider's stock worth $31,610,000 after buying an additional 2,666 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Up 0.0%

Shares of STN stock traded up $0.03 on Friday, reaching $110.43. 135,931 shares of the company's stock traded hands, compared to its average volume of 151,589. The company has a market capitalization of $12.60 billion, a P/E ratio of 45.63 and a beta of 1.03. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $110.61. 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 business's 50 day moving average price is $103.86 and its two-hundred day moving average price is $89.16.

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, topping analysts' consensus estimates of $0.79 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Stantec had a return on equity of 18.22% and a net margin of 5.01%. On average, equities analysts forecast that Stantec Inc. will post 3.05 earnings per share 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 0.58%. 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 27.27%.

Analyst Upgrades and Downgrades

STN has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. TD Securities reissued a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.