Stantec Inc. (NYSE:STN) Shares Sold by Axa S.A.

Axa S.A. cut its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 29.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,667 shares of the business services provider’s stock after selling 21,107 shares during the quarter. Axa S.A.’s holdings in Stantec were worth $4,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in shares of Stantec in the second quarter valued at about $51,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Stantec by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after buying an additional 800 shares in the last quarter. Tobam acquired a new position in Stantec during the first quarter worth $153,000. Finally, Intech Investment Management LLC purchased a new position in Stantec in the first quarter worth $233,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Price Performance

STN stock opened at $80.27 on Monday. The firm has a 50 day moving average of $82.11 and a 200-day moving average of $82.36. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 35.05 and a beta of 1.02. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. Stantec Inc. has a 12-month low of $59.55 and a 12-month high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. As a group, equities analysts expect that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.152 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a yield of 0.76%. Stantec’s payout ratio is 27.07%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.