Tower Research Capital LLC TRC Has $39,000 Stock Position in Stantec Inc. (NYSE:STN)

Tower Research Capital LLC TRC increased its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 632.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491 shares of the business services provider’s stock after purchasing an additional 424 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Stantec were worth $39,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 764 shares during the last quarter. Natixis lifted its stake in shares of Stantec by 114.8% in the fourth quarter. Natixis now owns 1,781 shares of the business services provider’s stock worth $140,000 after acquiring an additional 952 shares during the period. US Bancorp DE boosted its holdings in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 237 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Stantec during the 4th quarter valued at approximately $205,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stantec in the 4th quarter valued at $212,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Wednesday, May 7th. Raymond James raised 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, the company currently has an average rating of “Buy”.

Stantec Stock Down 0.3%

Stantec stock opened at $94.33 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $10.76 billion, a PE ratio of 42.88 and a beta of 0.98. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $95.53. The firm’s 50-day simple moving average is $85.83 and its 200 day simple moving average is $82.60.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Stantec had a net margin of 4.78% and a return on equity of 16.57%. Research analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.67%. 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 dividend payout ratio is currently 26.61%.

About Stantec

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.