DekaBank Deutsche Girozentrale Sells 114,553 Shares of Stantec Inc. (NYSE:STN)

DekaBank Deutsche Girozentrale lowered its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 524,286 shares of the business services provider's stock after selling 114,553 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.46% of Stantec worth $41,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stantec in the 3rd quarter valued at approximately $26,000. Advisor Group Holdings Inc. acquired a new position in shares of Stantec during the fourth quarter valued at $26,000. US Bancorp DE increased its holdings in shares of Stantec by 144.4% during the first quarter. US Bancorp DE now owns 765 shares of the business services provider's stock valued at $38,000 after purchasing an additional 452 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Stantec by 137.2% during the second quarter. PNC Financial Services Group Inc. now owns 759 shares of the business services provider's stock valued at $50,000 after purchasing an additional 439 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in Stantec in the third quarter worth about $52,000. Institutional investors own 63.86% of the company's stock.

Stantec Price Performance

Shares of Stantec stock traded up $0.85 during trading on Friday, hitting $82.54. The stock had a trading volume of 79,269 shares, compared to its average volume of 112,293. The business has a fifty day moving average of $83.10 and a two-hundred day moving average of $75.52. Stantec Inc. has a fifty-two week low of $56.49 and a fifty-two week high of $87.53. The firm has a market cap of $9.42 billion, a P/E ratio of 37.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 1.41.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). Stantec had a return on equity of 16.50% and a net margin of 5.11%. The business had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million. On average, sell-side analysts expect that Stantec Inc. will post 3.15 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.1548 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Stantec's previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 0.75%. Stantec's dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

Several research firms have commented on STN. StockNews.com cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 23rd. Atb Cap Markets lowered shares of Stantec from an "outperform" rating to a "sector perform" rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Stantec presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

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.