Lbp Am Sa Grows Stock Position in Stantec Inc. (NYSE:STN)

Lbp Am Sa boosted its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,205 shares of the business services provider’s stock after buying an additional 1,217 shares during the quarter. Lbp Am Sa’s holdings in Stantec were worth $3,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of STN. The Manufacturers Life Insurance Company increased its stake 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 purchasing an additional 1,536,475 shares during the period. National Bank of Canada FI increased its stake in 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 worth $116,897,000 after purchasing an additional 513,269 shares during the period. Toronto Dominion Bank increased its stake in Stantec by 198.4% in the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after purchasing an additional 251,407 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stantec by 11.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock worth $155,433,000 after purchasing an additional 207,470 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position 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 worth $15,966,000 after buying an additional 87,709 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stantec Price Performance

STN opened at $82.41 on Friday. Stantec Inc. has a 12-month low of $73.18 and a 12-month 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 business’s fifty day simple moving average is $79.15 and its 200-day simple moving average is $81.00. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 37.46 and a beta of 1.04.

Stantec Increases Dividend

The business also recently disclosed 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 represents a $0.63 dividend on an annualized basis and a yield of 0.76%. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is presently 26.61%.

Stantec Company 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.