Quantinno Capital Management LP Reduces Stock Position in Stantec Inc. (NYSE:STN)

Quantinno Capital Management LP reduced its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,244 shares of the business services provider’s stock after selling 507 shares during the period. Quantinno Capital Management LP’s holdings in Stantec were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of Stantec by 12.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock worth $103,000 after buying an additional 129 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock worth $324,000 after purchasing an additional 196 shares during the period. Legacy Capital Group California Inc. boosted its stake in shares of Stantec by 6.8% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider’s stock worth $276,000 after purchasing an additional 211 shares during the period. US Bancorp DE boosted its stake 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 worth $171,000 after purchasing an additional 493 shares during the period. Finally, Caprock Group LLC boosted its stake in shares of Stantec by 5.6% during the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after purchasing an additional 585 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Price Performance

Stantec stock opened at $82.61 on Friday. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 37.55 and a beta of 0.99. 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 $74.62 and a 1 year high of $88.42. The firm has a 50-day moving average of $83.79 and a two-hundred day moving average of $82.92.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s payout ratio is currently 28.18%.

Analyst Ratings Changes

STN has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank began coverage on shares of Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating for the company. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.