Charles Schwab Investment Management Inc. Sells 2,250 Shares of Stantec Inc. (NYSE:STN)

Charles Schwab Investment Management Inc. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,807 shares of the business services provider’s stock after selling 2,250 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.24% of Stantec worth $21,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock worth $341,000 after acquiring an additional 126 shares during the period. US Bancorp DE raised its holdings in Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after acquiring an additional 237 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after acquiring an additional 300 shares during the period. Caprock Group LLC raised its holdings in Stantec by 5.6% in the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after acquiring an additional 585 shares during the period. Finally, Blue Trust Inc. raised its holdings in Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock worth $140,000 after acquiring an additional 764 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

NYSE STN opened at $83.80 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 38.09 and a beta of 1.04. The company’s fifty day moving average is $79.52 and its two-hundred day moving average is $81.02. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.1574 dividend. This represents a $0.63 annualized dividend and a yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec’s dividend payout ratio (DPR) is currently 26.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to 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.