Two Sigma Investments LP Boosts Stock Holdings in Stantec Inc. (NYSE:STN)

Two Sigma Investments LP raised its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 41.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,345 shares of the business services provider's stock after purchasing an additional 49,200 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of Stantec worth $13,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings 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 worth $236,055,000 after acquiring an additional 261,705 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Stantec by 22.5% in the fourth quarter. Quantinno Capital Management LP now owns 11,325 shares of the business services provider's stock valued at $888,000 after purchasing an additional 2,081 shares in the last quarter. Man Group plc lifted its holdings in shares of Stantec by 8.3% in the fourth quarter. Man Group plc now owns 595,583 shares of the business services provider's stock valued at $46,704,000 after purchasing an additional 45,814 shares in the last quarter. Numerai GP LLC lifted its holdings in shares of Stantec by 87.2% in the fourth quarter. Numerai GP LLC now owns 42,340 shares of the business services provider's stock valued at $3,322,000 after purchasing an additional 19,726 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Stantec by 68.6% in the fourth quarter. Millennium Management LLC now owns 301,833 shares of the business services provider's stock valued at $23,672,000 after purchasing an additional 122,814 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Stantec Trading Down 0.5%

NYSE:STN traded down $0.47 during trading hours on Thursday, hitting $103.48. 49,640 shares of the company were exchanged, compared to its average volume of 144,754. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 47.05 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a one year low of $73.18 and a one year high of $107.04. The company has a fifty day simple moving average of $89.65 and a 200 day simple moving average of $83.92.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1612 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. Stantec's payout ratio is presently 25.62%.

Analyst Ratings Changes

STN has been the topic of a number of research reports. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Royal Bank of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. TD Securities reiterated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.