TD Asset Management Inc Increases Stock Holdings in Stantec Inc. (NYSE:STN)

Key Points

• TD Asset Management Inc increased its holdings in Stantec Inc. by 2.5%, acquiring an additional 25,846 shares, bringing its total ownership to approximately 1,049,248 shares valued at $86.96 million.
• Stantec recently reported an EPS of $0.81 for the quarter, surpassing analyst expectations, but its revenue of $1.08 billion fell short of the forecasted $1.54 billion.
• The company has raised its quarterly dividend to $0.1612 per share, marking an increase from the previous $0.16, and indicating a dividend yield of 0.58%.

TD Asset Management Inc raised its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049,248 shares of the business services provider's stock after purchasing an additional 25,846 shares during the period. TD Asset Management Inc owned about 0.92% of Stantec worth $86,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STN. Tower Research Capital LLC TRC lifted its position in shares of Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after acquiring an additional 424 shares during the period. Parallel Advisors LLC grew its position in shares of Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after buying an additional 239 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Stantec during the first quarter valued at approximately $85,000. Versant Capital Management Inc acquired a new position in Stantec during the 1st quarter worth $97,000. Finally, Natixis boosted its stake in Stantec by 114.8% during the fourth quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after buying an additional 952 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Down 0.6%

Shares of NYSE:STN traded down $0.61 on Friday, hitting $110.31. 191,630 shares of the company traded hands, compared to its average volume of 146,250. The stock has a 50 day simple moving average of $107.19 and a 200-day simple moving average of $91.55. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The company has a market cap of $12.58 billion, a PE ratio of 45.58 and a beta of 1.03. Stantec Inc. has a 52 week low of $73.18 and a 52 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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $1.08 billion for 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%. As a group, research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.1612 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, June 30th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 27.27%.

Analyst Ratings Changes

STN has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Scotiabank restated an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. CIBC reissued an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy".

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.