K.J. Harrison & Partners Inc Sells 1,000 Shares of Stantec Inc. (NYSE:STN)

K.J. Harrison & Partners Inc decreased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,500 shares of the business services provider’s stock after selling 1,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Stantec were worth $3,256,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after buying an additional 867 shares during the last quarter. US Bancorp DE lifted its position in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 493 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in Stantec during the 3rd quarter valued at $211,000. FORA Capital LLC bought a new stake in shares of Stantec in the 3rd quarter worth $213,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Stantec by 5.1% in the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock worth $324,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

STN has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stantec Stock Up 6.8 %

Shares of STN stock opened at $89.43 on Thursday. The company has a 50 day simple moving average of $78.26 and a two-hundred day simple moving average of $80.99. The stock has a market cap of $10.20 billion, a P/E ratio of 40.65 and a beta of 1.01. 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.

Stantec Increases Dividend

The business also recently disclosed 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 represents a $0.63 annualized dividend and a dividend yield of 0.70%. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is 26.36%.

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.