UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.12% of Stantec worth $11,132,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares during the period. Blue Trust Inc. lifted its holdings in shares of Stantec by 78.4% during the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the period. Natixis lifted its holdings in shares of Stantec by 114.8% during the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after acquiring an additional 952 shares during the period. US Bancorp DE boosted its position in shares of Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after acquiring an additional 237 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Stantec in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 63.86% of the company's stock.
Analyst Upgrades and Downgrades
STN has been the topic of a number of recent analyst reports. TD Securities reaffirmed a "buy" rating on shares of Stantec in a research note 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. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Royal Bank of Canada reissued an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Stantec presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on STN
Stantec Trading Up 0.6%
Shares of STN stock traded up $0.65 during mid-day trading on Wednesday, reaching $105.65. The company's stock had a trading volume of 143,725 shares, compared to its average volume of 145,454. The company's 50 day simple moving average is $91.75 and its 200-day simple moving average is $84.66. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $12.05 billion, a PE ratio of 48.02 and a beta of 0.98.
Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, research analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.
Stantec Increases Dividend
The company 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 dividend of $0.1612 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 30th. Stantec's dividend payout ratio (DPR) 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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