Gitterman Wealth Management LLC Has $439,000 Stock Position in Stantec Inc. (NYSE:STN)

Gitterman Wealth Management LLC raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.6% in the 4th quarter, HoldingsChannel reports. The fund owned 5,596 shares of the business services provider’s stock after purchasing an additional 348 shares during the period. Gitterman Wealth Management LLC’s holdings in Stantec were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 764 shares during the period. US Bancorp DE grew its stake in shares of Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 237 shares during the period. FORA Capital LLC bought a new stake in shares of Stantec in the 3rd quarter valued at approximately $213,000. Atria Investments Inc grew its stake in shares of Stantec by 4.3% in the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of 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 valued at $293,000 after purchasing an additional 300 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Up 2.3 %

NYSE STN opened at $82.41 on Friday. The firm has a market cap of $9.40 billion, a PE ratio of 37.46 and a beta of 1.04. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The stock’s 50 day simple moving average is $79.15 and its 200 day simple moving average is $81.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42.

Stantec Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STN. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stantec currently has an average 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.