Lbp Am Sa Acquires 1,217 Shares of Stantec Inc. (NYSE:STN)

Lbp Am Sa boosted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,205 shares of the business services provider’s stock after purchasing an additional 1,217 shares during the quarter. Lbp Am Sa’s holdings in Stantec were worth $3,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in 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 purchasing an additional 1,536,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Stantec by 11.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock worth $155,433,000 after purchasing an additional 207,470 shares during the period. National Bank of Canada FI boosted its stake in Stantec by 54.6% in the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock worth $116,897,000 after purchasing an additional 513,269 shares during the period. Allianz Asset Management GmbH boosted its stake in Stantec by 5.3% in the 4th 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 period. Finally, Geode Capital Management LLC boosted its stake in 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 during the period. 63.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STN shares. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Stantec has an average rating of “Buy”.

Stantec Stock Up 2.3 %

NYSE STN opened at $82.41 on Friday. The stock has a 50 day moving average price of $79.15 and a 200-day moving average price of $81.00. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The company has a market capitalization of $9.40 billion, a P/E ratio of 37.46 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is presently 26.61%.

Stantec Company 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.