Sava Infond d.o.o. Invests $275,000 in Stantec Inc. (NYSE:STN)

Sava Infond d.o.o. bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,500 shares of the business services provider’s stock, valued at approximately $275,000.

A number of other large investors also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in shares of Stantec during the third quarter valued at about $655,000. Quantbot Technologies LP increased its stake in Stantec by 98.1% in the 3rd quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock worth $1,594,000 after purchasing an additional 9,814 shares during the period. BNP Paribas Financial Markets lifted its position in Stantec by 19.5% in the third quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 1,800 shares during the last quarter. Bridgewater Associates LP boosted its stake in shares of Stantec by 24.3% during the third quarter. Bridgewater Associates LP now owns 5,014 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 980 shares during the period. Finally, FORA Capital LLC bought a new position in shares of Stantec in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Stantec Stock Down 0.3 %

Shares of NYSE:STN opened at $83.50 on Friday. The stock’s 50-day moving average is $80.31 and its 200 day moving average is $81.15. The company has a market cap of $9.52 billion, a PE ratio of 37.95 and a beta of 1.04. 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 Inc. has a 1 year low of $73.18 and a 1 year high of $90.24.

Stantec Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is currently 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.