Lombard Odier Asset Management Europe Ltd Has $1.16 Million Stock Position in Stantec Inc. (NYSE:STN)

Lombard Odier Asset Management Europe Ltd lessened its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 87.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,908 shares of the business services provider’s stock after selling 98,186 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Stantec were worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Magnetar Financial LLC bought a new stake in Stantec in the second quarter valued at about $276,000. EverSource Wealth Advisors LLC increased its holdings in shares of Stantec by 12.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock worth $103,000 after acquiring an additional 129 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Stantec by 301.8% in the second quarter. Intech Investment Management LLC now owns 11,255 shares of the business services provider’s stock worth $942,000 after acquiring an additional 8,454 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stantec by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 215,049 shares of the business services provider’s stock worth $17,968,000 after acquiring an additional 27,060 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Stantec by 86.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock worth $75,897,000 after acquiring an additional 422,538 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 0.4 %

Shares of Stantec stock opened at $79.90 on Tuesday. Stantec Inc. has a 1 year low of $59.55 and a 1 year high of $88.42. The business has a 50-day moving average of $82.54 and a two-hundred day moving average of $82.47. The company has a market capitalization of $9.11 billion, a P/E ratio of 34.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. As a group, equities analysts predict that Stantec Inc. will post 3.07 EPS for the current year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.76%. Stantec’s payout ratio is presently 27.07%.

Analysts Set New Price Targets

Separately, Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

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.