BNP Paribas Financial Markets Has $1.86 Million Stake in Stantec Inc. (NYSE:STN)

BNP Paribas Financial Markets boosted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 114.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,679 shares of the business services provider’s stock after purchasing an additional 12,627 shares during the quarter. BNP Paribas Financial Markets’ holdings in Stantec were worth $1,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. AXA S.A. raised its stake in Stantec by 18.1% in the 4th quarter. AXA S.A. now owns 123,211 shares of the business services provider’s stock worth $9,666,000 after purchasing an additional 18,890 shares in the last quarter. Jane Street Group LLC raised its stake in Stantec by 199.0% in the 4th quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider’s stock worth $1,000,000 after purchasing an additional 8,480 shares in the last quarter. Guardian Capital LP raised its stake in Stantec by 1.0% in the 4th quarter. Guardian Capital LP now owns 343,333 shares of the business services provider’s stock worth $26,923,000 after purchasing an additional 3,417 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Stantec in the 4th quarter valued at approximately $659,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Stantec in the 4th quarter valued at approximately $565,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE:STN opened at $101.20 on Friday. The firm has a 50 day moving average of $86.56 and a 200-day moving average of $82.85. The stock has a market capitalization of $11.54 billion, a PE ratio of 46.00 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $101.81.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Stantec had a net margin of 4.78% and a return on equity of 16.57%. On average, equities research analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.1612 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.64%. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, June 30th. Stantec’s dividend payout ratio is currently 26.61%.

Analyst Ratings Changes

Several brokerages have recently commented on STN. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Wednesday, May 7th. StockNews.com upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Stantec 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.