JARISLOWSKY FRASER Ltd cut its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,997,846 shares of the business services provider's stock after selling 212,664 shares during the quarter. Stantec makes up 2.3% of JARISLOWSKY FRASER Ltd's portfolio, making the stock its 16th largest holding. JARISLOWSKY FRASER Ltd owned about 4.38% of Stantec worth $390,624,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in STN. Vanguard Group Inc. lifted its position in Stantec by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider's stock worth $358,951,000 after purchasing an additional 74,976 shares during the period. Bank of Montreal Can lifted its position in Stantec by 9.5% in the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock worth $273,970,000 after purchasing an additional 302,979 shares during the period. The Manufacturers Life Insurance Company lifted its position in Stantec by 19.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after purchasing an additional 542,305 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Stantec by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider's stock valued at $155,433,000 after acquiring an additional 207,470 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Stantec by 0.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider's stock valued at $139,230,000 after acquiring an additional 14,332 shares during the last quarter. 63.86% of the stock is owned by institutional investors.
Stantec Stock Down 0.3%
NYSE:STN traded down $0.30 during trading hours on Wednesday, hitting $94.33. 211,753 shares of the stock traded hands, compared to its average volume of 139,473. The firm has a 50 day moving average price of $85.83 and a 200 day moving average price of $82.60. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $95.53. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 42.88 and a beta of 0.98.
Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. Stantec had a net margin of 4.78% and a return on equity of 16.57%. Equities research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current year.
Stantec Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a $0.1574 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.67%. Stantec's dividend payout ratio is 26.61%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on STN shares. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Stantec presently has a consensus rating of "Buy".
Read Our Latest Analysis on Stantec
About Stantec
(
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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