Stantec Inc. (NYSE:STN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,210,881 shares of the business services provider’s stock after purchasing an additional 59,821 shares during the quarter. Vanguard Group Inc. owned 3.69% of Stantec worth $337,671,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Stantec during the fourth quarter valued at $214,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of Stantec in the 4th quarter valued at about $215,000. Steward Partners Investment Advisory LLC purchased a new position in Stantec during the fourth quarter worth approximately $230,000. Crystalline Management Inc. acquired a new stake in Stantec in the fourth quarter valued at approximately $241,000. Finally, First Affirmative Financial Network increased its position in shares of Stantec by 4.2% in the fourth quarter. First Affirmative Financial Network now owns 3,784 shares of the business services provider’s stock valued at $303,000 after buying an additional 152 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Trading Down 0.8 %

Shares of STN stock opened at $83.55 on Friday. The stock has a 50 day simple moving average of $81.72 and a 200-day simple moving average of $81.42. Stantec Inc. has a 1-year low of $59.55 and a 1-year high of $87.53. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 36.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34.

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

Stantec Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 annualized dividend and a yield of 0.73%. Stantec’s dividend payout ratio (DPR) is currently 27.07%.

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.