Stantec Inc. (NYSE:STN) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,496,408 shares of the business services provider’s stock after purchasing an additional 302,979 shares during the quarter. Bank of Montreal Can owned 3.07% of Stantec worth $273,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Canoe Financial LP increased its position in shares of Stantec by 1,011.1% during the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock valued at $6,567,000 after acquiring an additional 76,217 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Stantec by 198.4% during the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after purchasing an additional 251,407 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 300 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Stantec in the third quarter valued at approximately $479,000. Finally, Geode Capital Management LLC lifted its stake in Stantec by 9.7% during the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock worth $42,781,000 after purchasing an additional 46,267 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Price Performance

Shares of STN opened at $80.31 on Monday. The company has a market cap of $9.16 billion, a P/E ratio of 36.51 and a beta of 1.00. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average price is $80.78 and its 200 day moving average price is $81.40.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.1574 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, March 28th. Stantec’s dividend payout ratio (DPR) is presently 26.61%.

Wall Street Analyst Weigh In

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

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.