Stantec Inc. (NYSE:STN) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,334 shares of the business services provider's stock after acquiring an additional 36,386 shares during the quarter. Hsbc Holdings PLC owned 0.19% of Stantec worth $16,799,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in STN. Norges Bank acquired a new position in Stantec during the fourth quarter worth $110,221,000. Bank of Montreal Can raised its stake in shares of Stantec by 9.5% during the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock worth $273,970,000 after buying an additional 302,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Stantec by 11.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider's stock worth $155,433,000 after buying an additional 207,470 shares in the last quarter. Clearbridge Investments LLC grew its stake in Stantec by 90.5% in the 4th quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider's stock valued at $29,339,000 after acquiring an additional 177,692 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Stantec by 31.7% during the 4th quarter. Geode Capital Management LLC now owns 689,644 shares of the business services provider's stock valued at $55,465,000 after acquiring an additional 166,063 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Stantec Price Performance

Shares of STN traded up $1.17 during trading hours on Friday, reaching $91.10. 56,447 shares of the company traded hands, compared to its average volume of 137,685. The stock has a fifty day simple moving average of $84.25 and a 200 day simple moving average of $81.96. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $91.64. The stock has a market capitalization of $10.39 billion, a PE ratio of 41.42 and a beta of 1.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 28th. Stantec's dividend payout ratio (DPR) is 26.61%.

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.