Man Group plc Has $46.70 Million Stake in Stantec Inc. (NYSE:STN)

Man Group plc boosted its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 595,583 shares of the business services provider's stock after acquiring an additional 45,814 shares during the period. Man Group plc owned 0.52% of Stantec worth $46,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STN. Tower Research Capital LLC TRC lifted its position in Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after acquiring an additional 424 shares during the last quarter. Blue Trust Inc. lifted its position in Stantec by 78.4% during the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the last quarter. Natixis lifted its position in Stantec by 114.8% during the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after acquiring an additional 952 shares during the last quarter. US Bancorp DE lifted its position in Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after acquiring an additional 237 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Stantec during the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Performance

Shares of STN traded up $1.67 during trading hours on Friday, reaching $101.20. 325,935 shares of the company traded hands, compared to its average volume of 141,590. The stock's fifty day moving average is $86.56 and its 200 day moving average is $82.85. The stock has a market cap of $11.54 billion, a P/E ratio of 46.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $101.81.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced 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. Stantec had a net margin of 4.78% and a return on equity of 16.57%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1612 dividend. This represents a $0.64 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, June 30th. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is 26.61%.

Wall Street Analyst Weigh In

STN has been the subject of a number of research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. StockNews.com raised shares of Stantec from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Stantec currently has a consensus 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.