Quadrature Capital Ltd Invests $1.39 Million in Stantec Inc. (NYSE:STN)

Quadrature Capital Ltd bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,300 shares of the business services provider’s stock, valued at approximately $1,390,000.

Several other hedge funds have also made changes to their positions in STN. Vanguard Group Inc. lifted its position in Stantec by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,210,881 shares of the business services provider’s stock valued at $337,671,000 after purchasing an additional 59,821 shares during the period. Goldman Sachs Group Inc. lifted its position in Stantec by 64.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 528,059 shares of the business services provider’s stock valued at $42,345,000 after purchasing an additional 206,421 shares during the period. Barometer Capital Management Inc. lifted its position in Stantec by 5.5% in the fourth quarter. Barometer Capital Management Inc. now owns 98,210 shares of the business services provider’s stock valued at $7,875,000 after purchasing an additional 5,120 shares during the period. Neuberger Berman Group LLC lifted its position in Stantec by 1.1% in the fourth quarter. Neuberger Berman Group LLC now owns 25,290 shares of the business services provider’s stock valued at $2,040,000 after purchasing an additional 283 shares during the period. Finally, Shell Asset Management Co. lifted its position in Stantec by 26.3% in the fourth quarter. Shell Asset Management Co. now owns 30,512 shares of the business services provider’s stock valued at $2,450,000 after purchasing an additional 6,350 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Down 0.4 %

Shares of Stantec stock opened at $82.36 on Thursday. Stantec Inc. has a 12-month low of $59.55 and a 12-month high of $87.53. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The stock has a market cap of $9.39 billion, a PE ratio of 35.97 and a beta of 1.03. The company has a 50-day moving average of $81.28 and a two-hundred day moving average of $81.15.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Stantec had a net margin of 5.19% and a return on equity of 16.51%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $996.81 million. On average, research analysts anticipate that Stantec Inc. will post 3.1 EPS for the current fiscal year.

Stantec Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.74%. Stantec’s dividend payout ratio (DPR) is 27.07%.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th.

About Stantec

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.