APG Asset Management N.V. Invests $609,000 in Stantec Inc. (NYSE:STN)

APG Asset Management N.V. bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,800 shares of the business services provider’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC purchased a new stake in Stantec during the 2nd quarter valued at approximately $51,000. EverSource Wealth Advisors LLC grew its stake in Stantec by 45.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 326 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares during the last quarter. Tobam purchased a new stake in Stantec in the 1st quarter worth $153,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Stantec during the 4th quarter valued at about $230,000. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 0.1 %

NYSE STN opened at $80.50 on Wednesday. The stock has a 50 day moving average price of $81.98 and a 200-day moving average price of $82.33. Stantec Inc. has a one year low of $59.55 and a one year high of $88.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $9.18 billion, a P/E ratio of 35.15 and a beta of 1.02.

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

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.152 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 0.76%. Stantec’s dividend payout ratio is currently 27.07%.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a research 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.