Stantec Inc. (NYSE:STN) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 802.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 975 shares of the business services provider’s stock after buying an additional 867 shares during the period. Blue Trust Inc.’s holdings in Stantec were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Stantec by 8.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,035 shares of the business services provider’s stock worth $833,000 after acquiring an additional 779 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Stantec in the first quarter valued at $810,000. Tobam acquired a new stake in Stantec in the first quarter valued at $153,000. Jennison Associates LLC lifted its holdings in Stantec by 82.6% during the 1st quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider’s stock worth $7,662,000 after buying an additional 41,724 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Stantec by 17.9% during the 1st quarter. Quantbot Technologies LP now owns 11,910 shares of the business services provider’s stock worth $989,000 after acquiring an additional 1,807 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Performance

Shares of STN stock opened at $82.08 on Thursday. The stock’s 50-day moving average is $81.50 and its two-hundred day moving average is $82.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. Stantec Inc. has a 1 year low of $60.49 and a 1 year high of $88.42. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 35.84 and a beta of 1.02.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results 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. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Analysts predict that Stantec Inc. will post 3.07 earnings per share for the current year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.152 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 0.74%. Stantec’s dividend payout ratio (DPR) is 27.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Scotiabank initiated coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Raymond James cut shares of 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.