Ceredex Value Advisors LLC Has $9.61 Million Stake in Stantec Inc. (NYSE:STN)

Ceredex Value Advisors LLC reduced its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 42.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,600 shares of the business services provider's stock after selling 86,800 shares during the quarter. Ceredex Value Advisors LLC owned about 0.10% of Stantec worth $9,608,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of STN. Raymond James & Associates grew its position in Stantec by 3.0% during the 1st quarter. Raymond James & Associates now owns 63,700 shares of the business services provider's stock worth $3,194,000 after purchasing an additional 1,857 shares during the period. US Bancorp DE lifted its position in shares of Stantec by 144.4% in the first quarter. US Bancorp DE now owns 765 shares of the business services provider's stock valued at $38,000 after acquiring an additional 452 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Stantec by 240.3% in the first quarter. BlackRock Inc. now owns 163,318 shares of the business services provider's stock worth $8,189,000 after acquiring an additional 115,326 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Stantec by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,817 shares of the business services provider's stock worth $364,000 after buying an additional 610 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Stantec by 3.1% in the first quarter. Vanguard Group Inc. now owns 3,725,375 shares of the business services provider's stock worth $186,791,000 after acquiring an additional 110,476 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Down 1.2 %

NYSE STN traded down $0.95 on Monday, hitting $81.59. 53,972 shares of the stock were exchanged, compared to its average volume of 111,779. The company has a market cap of $9.31 billion, a PE ratio of 37.09 and a beta of 1.04. The company has a 50-day moving average price of $83.10 and a 200-day moving average price of $75.63. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.36. Stantec Inc. has a fifty-two week low of $56.49 and a fifty-two week high of $87.53.

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

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders 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 an increase from Stantec's previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 0.76%. Stantec's dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

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

Stantec 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.