Compagnie Lombard Odier SCmA Acquires 6,354 Shares of Stantec Inc. (NYSE:STN)

Compagnie Lombard Odier SCmA grew its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 81.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,125 shares of the business services provider’s stock after buying an additional 6,354 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Stantec were worth $1,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of STN. Goldman Sachs Group Inc. boosted its holdings in shares of Stantec by 64.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 528,059 shares of the business services provider’s stock worth $42,345,000 after buying an additional 206,421 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Stantec by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,210,881 shares of the business services provider’s stock worth $337,671,000 after purchasing an additional 59,821 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Stantec during the fourth quarter worth approximately $1,390,000. Banque Cantonale Vaudoise acquired a new position in shares of Stantec during the first quarter worth approximately $425,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of Stantec during the first quarter worth approximately $3,831,000. 63.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James lowered Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Stantec Price Performance

Shares of NYSE:STN opened at $84.92 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. Stantec Inc. has a twelve month low of $59.55 and a twelve month high of $88.42. The stock’s 50 day moving average is $81.31 and its 200-day moving average is $82.14. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 37.91 and a beta of 1.02.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. Sell-side analysts forecast that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, September 27th. Stantec’s payout ratio is currently 27.68%.

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.