Scotia Capital Inc. Has $12.07 Million Holdings in Stantec Inc. (NYSE:STN)

Scotia Capital Inc. boosted its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,860 shares of the business services provider's stock after purchasing an additional 9,851 shares during the quarter. Scotia Capital Inc. owned about 0.14% of Stantec worth $12,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Stantec by 19.5% in the third quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider's stock worth $889,000 after acquiring an additional 1,800 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Stantec in the 3rd quarter valued at about $479,000. Stifel Financial Corp grew its position in shares of Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock worth $341,000 after buying an additional 126 shares during the last quarter. XTX Topco Ltd bought a new position in Stantec in the third quarter worth $335,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Stantec during the third quarter valued at $877,000. Institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

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

Stantec Trading Up 0.2 %

Shares of STN stock traded up $0.17 during trading hours on Wednesday, hitting $86.80. The company had a trading volume of 37,571 shares, compared to its average volume of 135,675. The stock has a market capitalization of $9.90 billion, a PE ratio of 39.45 and a beta of 1.00. 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 fifty-two week low of $73.18 and a fifty-two week high of $90.24. The company's fifty day moving average is $81.83 and its 200 day moving average is $81.56.

Stantec Increases Dividend

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

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.