Stantec Inc. (NYSE:STN) Stake Raised by Mariner LLC

Mariner LLC increased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,880 shares of the business services provider’s stock after purchasing an additional 195 shares during the quarter. Mariner LLC’s holdings in Stantec were worth $383,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Stantec during the 4th quarter worth about $110,221,000. Bank of Montreal Can grew its stake in 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 valued at $273,970,000 after buying an additional 302,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Stantec by 11.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock valued at $155,433,000 after purchasing an additional 207,470 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Stantec by 90.5% in the 4th quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider’s stock valued at $29,339,000 after buying an additional 177,692 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 acquiring an additional 166,063 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Stantec Price Performance

Shares of STN stock opened at $91.67 on Friday. Stantec Inc. has a one year low of $73.18 and a one year high of $91.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s fifty day simple moving average is $84.41 and its 200 day simple moving average is $82.02. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 41.67 and a beta of 0.98.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were given a $0.1574 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a yield of 0.69%. Stantec’s payout ratio is 26.61%.

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.