Steward Partners Investment Advisory LLC Makes New $230,000 Investment in Stantec Inc. (NYSE:STN)

Steward Partners Investment Advisory LLC acquired a new position in Stantec Inc. (NYSE:STNFree Report) (TSE:STN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,864 shares of the business services provider’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Stantec by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,151,060 shares of the business services provider’s stock worth $269,279,000 after buying an additional 59,589 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Stantec in the 4th quarter worth about $1,363,000. AJOVista LLC bought a new stake in shares of Stantec in the 4th quarter worth about $867,000. Clearbridge Investments LLC bought a new stake in shares of Stantec in the 4th quarter worth about $24,553,000. Finally, Crystalline Management Inc. bought a new stake in shares of Stantec in the 4th quarter worth about $241,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Atb Cap Markets lowered shares of Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th.

View Our Latest Stock Report on STN

Stantec Price Performance

Stantec stock opened at $82.11 on Monday. Stantec Inc. has a 12-month low of $59.55 and a 12-month high of $87.53. The firm has a 50-day moving average price of $81.20 and a 200-day moving average price of $80.65. The firm has a market capitalization of $9.37 billion, a PE ratio of 35.86 and a beta of 1.03. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46.

Stantec (NYSE:STNGet Free Report) (TSE:STN) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Stantec had a net margin of 5.19% and a return on equity of 16.51%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $996.81 million. As a group, equities research analysts forecast that Stantec Inc. will post 3.1 EPS for the current year.

Stantec Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a yield of 0.74%. Stantec’s payout ratio is 27.07%.

About Stantec

(Free Report)

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.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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