National Bank of Canada FI Trims Stock Holdings in Stantec Inc. (NYSE:STN)

National Bank of Canada FI trimmed its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 883,752 shares of the business services provider's stock after selling 54,001 shares during the period. National Bank of Canada FI owned approximately 0.77% of Stantec worth $69,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in Stantec by 17.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,863 shares of the business services provider's stock worth $380,000 after purchasing an additional 863 shares during the last quarter. Bank of New York Mellon Corp raised its position in Stantec by 207.8% in the third quarter. Bank of New York Mellon Corp now owns 187,043 shares of the business services provider's stock worth $12,134,000 after acquiring an additional 126,274 shares during the period. Calamos Wealth Management LLC bought a new position in Stantec in the third quarter worth approximately $1,330,000. TD Asset Management Inc boosted its stake in shares of Stantec by 7.9% during the 3rd quarter. TD Asset Management Inc now owns 1,243,506 shares of the business services provider's stock worth $81,058,000 after acquiring an additional 91,021 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Stantec during the 3rd quarter valued at $15,499,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Atb Cap Markets downgraded 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

Stantec Price Performance

STN stock traded up $0.06 during trading on Friday, reaching $83.73. The company's stock had a trading volume of 94,300 shares, compared to its average volume of 109,578. The company's fifty day moving average is $82.62 and its 200-day moving average is $77.71. Stantec Inc. has a 1 year low of $56.49 and a 1 year high of $87.53. The company has a market capitalization of $9.55 billion, a P/E ratio of 38.06 and a beta of 1.05. 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 (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 earnings per share (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 company had revenue of $912.51 million for the quarter, compared to analysts' expectations of $891.12 million. On average, research analysts expect that Stantec Inc. will post 3.14 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.1548 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.62 annualized dividend and a yield of 0.74%. This is a boost from Stantec's previous quarterly dividend of $0.14. Stantec's payout ratio is presently 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.