K.J. Harrison & Partners Inc Sells 1,000 Shares of Stantec Inc. (NYSE:STN)

K.J. Harrison & Partners Inc decreased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,500 shares of the business services provider’s stock after selling 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Stantec were worth $3,256,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STN. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 121.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after buying an additional 1,536,475 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stantec by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after acquiring an additional 48,009 shares during the last quarter. National Bank of Canada FI raised its position in Stantec by 54.6% during the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after purchasing an additional 513,269 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Stantec by 5.3% during the fourth quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider’s stock worth $76,968,000 after purchasing an additional 48,972 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Stantec by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock worth $42,781,000 after purchasing an additional 46,267 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STN. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Stantec Price Performance

STN stock opened at $89.43 on Thursday. The firm’s 50-day moving average price is $78.26 and its two-hundred day moving average price is $80.99. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 40.65 and a beta of 1.01. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is 26.36%.

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.