UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 18,222 Shares of Stantec Inc. (NYSE:STN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,902 shares of the business services provider's stock after selling 18,222 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Stantec worth $11,132,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STN. Norges Bank bought a new position in shares of Stantec during the fourth quarter worth $110,221,000. Janus Henderson Group PLC bought a new position in Stantec during the fourth quarter worth about $56,191,000. The Manufacturers Life Insurance Company lifted its holdings in Stantec by 19.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after acquiring an additional 542,305 shares in the last quarter. Bank of Montreal Can grew its stake in Stantec by 9.5% in the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock valued at $273,970,000 after acquiring an additional 302,979 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Stantec by 9.5% in 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. Institutional investors own 63.86% of the company's stock.

Stantec Stock Up 0.3%

NYSE:STN traded up $0.30 during trading hours on Tuesday, reaching $104.86. 100,421 shares of the stock were exchanged, compared to its average volume of 145,000. The stock has a market cap of $11.96 billion, a PE ratio of 47.66 and a beta of 0.98. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $106.64. The firm has a 50 day moving average of $90.85 and a 200 day moving average of $84.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Stantec had a net margin of 4.78% and a return on equity of 16.57%. On average, equities analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1612 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. Stantec's dividend payout ratio is currently 25.62%.

Analyst Ratings Changes

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