Dynamic Technology Lab Private Ltd Buys New Shares in Stantec Inc. (NYSE:STN)

Dynamic Technology Lab Private Ltd acquired a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) during the 3rd quarter, Holdings Channel reports. The firm acquired 8,142 shares of the business services provider’s stock, valued at approximately $655,000.

Other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new position in shares of Stantec in the second quarter worth $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stantec during the 2nd quarter worth approximately $71,000. Blue Trust Inc. increased its position in Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after purchasing an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Stantec by 45.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 326 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after buying an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Scotiabank began coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating on the stock. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Stantec currently has an average rating of “Moderate Buy”.

Stantec Price Performance

NYSE:STN opened at $85.71 on Friday. The company has a 50 day moving average price of $82.68 and a 200-day moving average price of $82.55. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 38.96 and a beta of 1.02. Stantec Inc. has a 1-year low of $70.85 and a 1-year high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.155 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s payout ratio is 28.18%.

About Stantec

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.