Neuberger Berman Group LLC Has $2.04 Million Stock Position in Stantec Inc. (NYSE:STN)

Neuberger Berman Group LLC raised its holdings in shares of Stantec Inc. (NYSE:STNFree Report) (TSE:STN) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,290 shares of the business services provider’s stock after buying an additional 283 shares during the quarter. Neuberger Berman Group LLC’s holdings in Stantec were worth $2,040,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stantec during the third quarter worth $26,000. UniSuper Management Pty Ltd acquired a new position in shares of Stantec during the third quarter valued at about $52,000. Quantbot Technologies LP lifted its stake in shares of Stantec by 456.3% in the third quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock valued at $177,000 after buying an additional 2,236 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Stantec during the fourth quarter worth about $214,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in Stantec during the fourth quarter valued at about $215,000. 63.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th.

Check Out Our Latest Research Report on STN

Stantec Price Performance

Stantec stock opened at $81.65 on Monday. The business has a 50 day simple moving average of $81.98 and a 200 day simple moving average of $79.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $9.31 billion, a PE ratio of 35.66 and a beta of 1.05. Stantec Inc. has a one year low of $56.49 and a one year high of $87.53.

Stantec (NYSE:STNGet Free Report) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Stantec had a net margin of 5.19% and a return on equity of 16.51%. The company had revenue of $912.51 million for the quarter, compared to the consensus estimate of $891.12 million. On average, sell-side analysts forecast that Stantec Inc. will post 3.1 EPS for the current fiscal year.

Stantec Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.152 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a yield of 0.74%. Stantec’s dividend payout ratio (DPR) is presently 27.07%.

Stantec Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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