Stantec Inc. (NYSE:STN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 31.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 689,644 shares of the business services provider's stock after buying an additional 166,063 shares during the period. Geode Capital Management LLC owned 0.60% of Stantec worth $55,465,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of Stantec by 3.1% during the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock worth $341,000 after purchasing an additional 126 shares during the last quarter. XTX Topco Ltd acquired a new stake in Stantec in the 3rd quarter worth about $335,000. Public Employees Retirement System of Ohio purchased a new stake in Stantec in the 3rd quarter valued at about $877,000. Barclays PLC increased its stake in shares of Stantec by 73.2% during the 3rd quarter. Barclays PLC now owns 31,001 shares of the business services provider's stock valued at $2,493,000 after acquiring an additional 13,107 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Stantec in the third quarter worth approximately $3,117,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".

Stantec Trading Up 0.6 %

STN stock traded up $0.53 during midday trading on Friday, reaching $87.32. 151,332 shares of the company's stock traded hands, compared to its average volume of 137,109. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The business has a 50-day moving average price of $82.21 and a two-hundred day moving average price of $81.64. The company has a market capitalization of $9.96 billion, a P/E ratio of 39.69 and a beta of 1.00. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were given a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.72%. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 28th. Stantec's dividend payout ratio is 26.61%.

Stantec 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.