Stantec Inc. (NYSE:STN) Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 18.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,800 shares of the business services provider's stock after selling 34,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of Stantec worth $11,673,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its position in shares of Stantec by 2.6% during the 4th quarter. Bank of Nova Scotia now owns 169,048 shares of the business services provider's stock valued at $13,261,000 after purchasing an additional 4,324 shares during the period. Bank of Montreal Can grew its stake in shares of Stantec by 9.5% in the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider's stock worth $273,970,000 after purchasing an additional 302,979 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Stantec during the fourth quarter valued at approximately $205,000. Aviva PLC bought a new stake in Stantec during the fourth quarter worth approximately $5,029,000. Finally, Geode Capital Management LLC boosted its holdings in Stantec by 31.7% during the fourth quarter. Geode Capital Management LLC now owns 689,644 shares of the business services provider's stock worth $55,465,000 after buying an additional 166,063 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Down 1.0 %

NYSE STN traded down $0.87 on Monday, hitting $86.45. 11,033 shares of the company were exchanged, compared to its average volume of 136,408. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The firm has a market capitalization of $9.86 billion, a P/E ratio of 39.36 and a beta of 1.00. The company's 50 day moving average price is $82.41 and its 200-day moving average price is $81.69.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a dividend of $0.1574 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 26.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".

About Stantec

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.