Voloridge Investment Management LLC raised its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 171.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,751 shares of the business services provider's stock after buying an additional 35,838 shares during the period. Voloridge Investment Management LLC's holdings in Stantec were worth $4,452,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Stantec by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider's stock valued at $45,559,000 after acquiring an additional 39,671 shares during the last quarter. Wellington Management Group LLP boosted its stake in Stantec by 12.7% in the fourth quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock valued at $31,965,000 after acquiring an additional 45,900 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Stantec by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after purchasing an additional 300 shares during the period. Dimensional Fund Advisors LP boosted its position in Stantec by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock valued at $20,699,000 after purchasing an additional 30,629 shares during the period. Finally, Barclays PLC grew its stake in Stantec by 73.2% during the 3rd quarter. Barclays PLC now owns 31,001 shares of the business services provider's stock worth $2,493,000 after buying an additional 13,107 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
STN has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Scotiabank restated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Finally, TD Securities reissued a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Stock Analysis on STN
Stantec Trading Down 0.9%
Stantec stock traded down $0.91 during midday trading on Friday, reaching $102.70. The stock had a trading volume of 160,515 shares, compared to its average volume of 169,673. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 46.68 and a beta of 0.98. The firm's fifty day simple moving average is $90.06 and its two-hundred day simple moving average is $84.06. 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 Inc. has a twelve month low of $73.18 and a twelve month high of $104.49.
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 earnings per share (EPS) for the quarter, topping 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. Equities analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal year.
Stantec Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1612 per share. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, June 30th. Stantec's payout ratio is currently 25.62%.
About Stantec
(
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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