Stantec Inc. (STN) Shares Bought by Luminus Management LLC

Luminus Management LLC increased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 106.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,011,411 shares of the business services provider’s stock after purchasing an additional 1,038,000 shares during the period. Stantec accounts for approximately 1.2% of Luminus Management LLC’s holdings, making the stock its 21st largest position. Luminus Management LLC owned about 1.77% of Stantec worth $56,238,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC grew its holdings in Stantec by 75.3% during the fourth quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock worth $222,000 after purchasing an additional 3,416 shares during the period. ARP Americas LP bought a new position in Stantec during the fourth quarter worth about $247,000. Trexquant Investment LP bought a new position in Stantec during the third quarter worth about $272,000. Dynamic Technology Lab Private Ltd bought a new position in Stantec during the third quarter worth about $313,000. Finally, OxFORD Asset Management LLP bought a new position in Stantec during the third quarter worth about $364,000. Institutional investors and hedge funds own 56.48% of the company’s stock.

Shares of Stantec Inc. (NYSE:STN) opened at $25.75 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.39 and a quick ratio of 1.39. Stantec Inc. has a 1 year low of $22.25 and a 1 year high of $29.25. The firm has a market cap of $2,939.94, a P/E ratio of 18.93 and a beta of 1.65.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). Stantec had a net margin of 1.88% and a return on equity of 10.72%. The business had revenue of $805.00 million during the quarter, compared to analyst estimates of $854.21 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. analysts predict that Stantec Inc. will post 1.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Stantec’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 28th. Stantec’s payout ratio is presently 61.54%.

STN has been the subject of several research reports. Zacks Investment Research downgraded shares of Stantec from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 27th. TheStreet downgraded shares of Stantec from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Finally, National Bank Financial downgraded shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.00.

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About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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