Northwest & Ethical Investments L.P. Grows Stock Holdings in Stantec Inc. (NYSE:STN)

Northwest & Ethical Investments L.P. lifted its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 79.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 198,539 shares of the business services provider’s stock after buying an additional 87,709 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Stantec were worth $15,966,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of STN. EverSource Wealth Advisors LLC increased its holdings in Stantec by 12.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 129 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Stantec by 5.1% in 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 in the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Stantec by 6.8% in 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 in the last quarter. US Bancorp DE lifted its position in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 493 shares in the last quarter. Finally, Caprock Group LLC lifted its position in Stantec by 5.6% in the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock valued at $894,000 after acquiring an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 0.2 %

Shares of NYSE:STN traded down $0.17 during trading on Thursday, reaching $85.71. The company’s stock had a trading volume of 153,412 shares, compared to its average volume of 121,760. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $70.85 and a 12 month high of $88.42. The firm’s 50 day simple moving average is $82.68 and its two-hundred day simple moving average is $82.55. The stock has a market capitalization of $9.78 billion, a PE ratio of 38.96 and a beta of 1.02.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.155 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is 28.18%.

Wall Street Analyst Weigh In

STN has been the topic of several analyst reports. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Scotiabank initiated coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Finally, Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.