Wellington Management Group LLP Acquires 45,900 Shares of Stantec Inc. (NYSE:STN)

Wellington Management Group LLP increased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,626 shares of the business services provider's stock after purchasing an additional 45,900 shares during the quarter. Wellington Management Group LLP owned 0.36% of Stantec worth $31,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after buying an additional 424 shares in the last quarter. Blue Trust Inc. boosted its position in 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 grew its stake in Stantec by 114.8% during the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after acquiring an additional 952 shares in the last quarter. US Bancorp DE increased its holdings in shares of Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after purchasing an additional 237 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Stantec in the fourth quarter worth approximately $205,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

Stantec stock traded up $1.59 during mid-day trading on Monday, reaching $104.53. The company had a trading volume of 140,797 shares, compared to its average volume of 145,161. The company has a 50 day moving average of $90.44 and a 200-day moving average of $84.22. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $104.71. 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 cap of $11.92 billion, a price-to-earnings ratio of 47.51 and a beta of 0.98.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.54 billion. On average, sell-side analysts expect 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 is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 30th. Stantec's dividend payout ratio (DPR) is currently 25.62%.

Analyst Ratings Changes

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