Atria Investments Inc Buys 151 Shares of Stantec Inc. (NYSE:STN)

Atria Investments Inc lifted its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,650 shares of the business services provider’s stock after buying an additional 151 shares during the quarter. Atria Investments Inc’s holdings in Stantec were worth $286,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STN. The Manufacturers Life Insurance Company grew its position in 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 worth $225,537,000 after acquiring an additional 1,536,475 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Stantec by 54.6% in the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock worth $116,897,000 after purchasing an additional 513,269 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Stantec by 198.4% during the 3rd 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 during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Stantec by 79.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock valued at $15,966,000 after buying an additional 87,709 shares in the last quarter. Finally, Canoe Financial LP lifted its position in Stantec by 1,011.1% in the 4th quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock worth $6,567,000 after buying an additional 76,217 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Price Performance

Shares of NYSE STN opened at $83.63 on Tuesday. The company has a 50 day simple moving average of $79.28 and a two-hundred day simple moving average of $81.00. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 38.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1574 per share. 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 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s dividend payout ratio is presently 26.61%.

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stantec currently has a consensus rating of “Buy”.

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.