Zurcher Kantonalbank Zurich Cantonalbank Has $31.06 Million Stock Position in Stantec Inc. (NYSE:STN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,941 shares of the business services provider's stock after selling 34,889 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.34% of Stantec worth $31,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stantec during the third quarter worth about $26,000. Advisor Group Holdings Inc. bought a new stake in Stantec in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its stake in Stantec by 137.2% in the second quarter. PNC Financial Services Group Inc. now owns 759 shares of the business services provider's stock valued at $50,000 after buying an additional 439 shares during the period. US Bancorp DE raised its stake in 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 buying an additional 452 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in Stantec in the third quarter valued at approximately $52,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Stantec Stock Performance

Shares of NYSE STN traded down $0.36 during trading hours on Wednesday, reaching $79.68. 79,259 shares of the stock were exchanged, compared to its average volume of 109,112. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 36.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. Stantec Inc. has a 52 week low of $56.49 and a 52 week high of $87.53. The stock's fifty day simple moving average is $82.95 and its 200 day simple moving average is $76.29.

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

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.1548 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Stantec's previous quarterly dividend of $0.14. Stantec's dividend payout ratio (DPR) is 26.36%.

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.