Guardian Capital LP Acquires 3,417 Shares of Stantec Inc. (NYSE:STN)

Guardian Capital LP increased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,333 shares of the business services provider's stock after purchasing an additional 3,417 shares during the period. Stantec accounts for about 1.0% of Guardian Capital LP's investment portfolio, making the stock its 29th largest holding. Guardian Capital LP owned 0.30% of Stantec worth $26,923,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Atria Investments Inc boosted its stake in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock valued at $286,000 after buying an additional 151 shares in the last quarter. Signaturefd LLC lifted its stake in Stantec by 4.5% during the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider's stock valued at $317,000 after purchasing an additional 175 shares during the last quarter. Mariner LLC increased its holdings in shares of Stantec by 4.2% in the fourth quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after buying an additional 195 shares in the last quarter. US Bancorp DE lifted its position in shares of Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after acquiring an additional 237 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after acquiring an additional 300 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Up 0.2 %

Shares of Stantec stock traded up $0.22 during midday trading on Monday, hitting $91.89. The company's stock had a trading volume of 41,296 shares, compared to its average volume of 137,726. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $92.13. 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 $10.48 billion, a P/E ratio of 41.75 and a beta of 0.98. The stock has a 50-day simple moving average of $84.41 and a 200-day simple moving average of $82.01.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is 26.61%.

Wall Street Analysts Forecast Growth

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