Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 292,726 shares of the business services provider's stock after selling 37,167 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.26% of Stantec worth $24,260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of STN. Tower Research Capital LLC TRC raised its position in Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after purchasing an additional 424 shares in the last quarter. Parallel Advisors LLC raised its position in Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after purchasing an additional 239 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Stantec in the 1st quarter valued at about $85,000. Versant Capital Management Inc acquired a new stake in Stantec in the 1st quarter valued at about $97,000. Finally, Natixis raised its position in Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after purchasing an additional 952 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.
Stantec Price Performance
STN stock traded up $0.14 during midday trading on Tuesday, hitting $108.62. 251,773 shares of the stock were exchanged, compared to its average volume of 134,771. The stock's 50-day moving average price is $107.34 and its 200-day moving average price is $91.78. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 44.88 and a beta of 1.03. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38.
Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, beating 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 return on equity of 18.22% and a net margin of 5.01%. Research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.
Stantec Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.1612 per share. The ex-dividend date was Monday, June 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is presently 27.27%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on STN. TD Securities reaffirmed a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Wall Street Zen raised Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven investment 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, the company has a consensus rating of "Buy".
Check Out Our Latest Research Report on Stantec
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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