Susquehanna Fundamental Investments LLC Invests $1.08 Million in Stantec Inc. (NYSE:STN)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,700 shares of the business services provider's stock, valued at approximately $1,075,000.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after buying an additional 424 shares during the period. Blue Trust Inc. lifted its position in shares of Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider's stock worth $140,000 after acquiring an additional 764 shares during the period. Natixis grew its holdings in shares of Stantec by 114.8% during the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after purchasing an additional 952 shares in the last quarter. US Bancorp DE increased its position in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock valued at $185,000 after purchasing an additional 237 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Stantec in the fourth quarter valued at $205,000. 63.86% of the stock is owned by institutional investors.

Stantec Price Performance

NYSE STN traded up $0.02 during trading hours on Wednesday, reaching $91.43. 12,356 shares of the company's stock were exchanged, compared to its average volume of 137,376. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.43 billion, a PE ratio of 41.49 and a beta of 0.98. The firm has a fifty day moving average of $84.59 and a 200-day moving average of $82.13. Stantec Inc. has a one year low of $73.18 and a one year high of $92.30.

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 given a $0.1574 dividend. This represents a $0.63 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is 26.61%.

Wall Street Analyst Weigh In

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

Stantec Company 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.