Fiera Capital Corp lowered its position in Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 19.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,980,900 shares of the business services provider’s stock after selling 488,645 shares during the period. Fiera Capital Corp owned 1.74% of Stantec worth $186,988,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of STN. Allworth Financial LP lifted its position in shares of Stantec by 223.9% in the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares during the period. Leonteq Securities AG acquired a new position in shares of Stantec in the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its position in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the period. Toth Financial Advisory Corp acquired a new position in shares of Stantec in the 4th quarter worth approximately $57,000. Finally, State of Wyoming bought a new stake in shares of Stantec in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 63.86% of the company’s stock.
Stantec Stock Performance
NYSE:STN opened at $73.87 on Monday. The company has a fifty day moving average of $83.96 and a 200-day moving average of $90.98. The firm has a market capitalization of $8.43 billion, a P/E ratio of 23.68 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a twelve month low of $72.46 and a twelve month high of $114.51.
Stantec Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec’s dividend payout ratio (DPR) is presently 22.44%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on STN shares. Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Royal Bank Of Canada lifted their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.00.
Read Our Latest Stock Analysis on STN
Stantec Company Profile
Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.
The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.
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