Aviva PLC Acquires Shares of 64,228 Stantec Inc. (NYSE:STN)

Aviva PLC bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,228 shares of the business services provider’s stock, valued at approximately $5,029,000. Aviva PLC owned approximately 0.06% of Stantec at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in Stantec by 3.1% in the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 126 shares during the last quarter. Atria Investments Inc grew its stake in shares of Stantec by 4.3% in the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after purchasing an additional 151 shares during the last quarter. Signaturefd LLC grew its stake in shares of Stantec by 4.5% in the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock worth $317,000 after purchasing an additional 175 shares during the last quarter. US Bancorp DE lifted its holdings in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after buying an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Stantec by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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 MarketBeat, the company currently has a consensus rating of “Buy”.

Stantec Trading Up 8.0 %

Shares of STN stock opened at $85.23 on Thursday. 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. The firm has a fifty day moving average price of $81.07 and a 200-day moving average price of $81.43. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 38.74 and a beta of 1.00.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a dividend yield of 0.74%. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s dividend payout ratio is currently 26.61%.

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.