JPMorgan Chase & Co. Has $43.51 Million Position in Stantec Inc. (NYSE:STN)

JPMorgan Chase & Co. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 541,065 shares of the business services provider’s stock after selling 56,435 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.47% of Stantec worth $43,507,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of Stantec by 15.1% in the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after purchasing an additional 415,993 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after buying an additional 1,536,475 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stantec by 2.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after acquiring an additional 48,009 shares in the last quarter. National Bank of Canada FI increased its position in shares of Stantec by 54.6% in the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after acquiring an additional 513,269 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position 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 valued at $75,897,000 after acquiring an additional 422,538 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

STN has been the subject of a number of analyst reports. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Stantec Stock Performance

STN opened at $79.19 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12-month low of $76.03 and a 12-month high of $88.42. The business has a 50 day moving average of $82.75 and a 200-day moving average of $82.73. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 36.00 and a beta of 1.01.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This is an increase from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 annualized dividend and a yield of 0.78%. Stantec’s dividend payout ratio (DPR) is currently 28.18%.

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.