Stantec Inc. (NYSE:STN) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,359 shares of the business services provider’s stock after acquiring an additional 237 shares during the period. US Bancorp DE’s holdings in Stantec were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Stantec by 121.3% in the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after purchasing an additional 1,536,475 shares in the last quarter. National Bank of Canada FI lifted its holdings 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 purchasing an additional 513,269 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Stantec by 198.4% in the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after purchasing an additional 251,407 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of Stantec by 79.1% in the third quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock valued at $15,966,000 after purchasing an additional 87,709 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in shares of Stantec by 1,011.1% in the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock valued at $6,567,000 after purchasing an additional 76,217 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Up 2.3 %

NYSE STN opened at $82.41 on Friday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.40 billion, a PE ratio of 37.46 and a beta of 1.04. The firm’s fifty day simple moving average is $79.15 and its 200-day simple moving average is $81.00.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.1574 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.76%. Stantec’s dividend payout ratio is 26.61%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Stantec 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.