Northwest & Ethical Investments L.P. Sells 535 Shares of Stantec Inc. (NYSE:STN)

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,004 shares of the business services provider’s stock after selling 535 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.17% of Stantec worth $15,519,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in STN. Blue Trust Inc. grew its position in Stantec by 78.4% during the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after buying an additional 764 shares during the period. US Bancorp DE boosted its position in shares of 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 purchasing an additional 237 shares during the period. FORA Capital LLC bought a new position in shares of Stantec in the third quarter worth approximately $213,000. Atria Investments Inc boosted its position 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 period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of 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 purchasing an additional 300 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Stantec Price Performance

Shares of NYSE:STN opened at $83.80 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a fifty day moving average price of $79.52 and a 200 day moving average price of $81.02. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 38.09 and a beta of 1.04.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.1574 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a yield of 0.75%. Stantec’s dividend payout ratio is presently 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.