Swiss National Bank Has $25.98 Million Stock Position in Stantec Inc. (NYSE:STN)

Swiss National Bank reduced its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 331,270 shares of the business services provider’s stock after selling 13,700 shares during the quarter. Swiss National Bank owned about 0.29% of Stantec worth $25,978,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after buying an additional 1,536,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stantec by 11.7% during the 4th 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 in the last quarter. National Bank of Canada FI increased its holdings in Stantec by 54.6% during 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. Allianz Asset Management GmbH increased its holdings in Stantec by 5.3% during the 4th quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider’s stock worth $76,968,000 after purchasing an additional 48,972 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Stantec by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock worth $42,781,000 after purchasing an additional 46,267 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James raised Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Stantec Stock Performance

Shares of STN opened at $83.63 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $79.28 and a two-hundred day moving average price of $81.00. The firm has a market capitalization of $9.54 billion, a P/E ratio of 38.01 and a beta of 1.04. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24.

Stantec Increases Dividend

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

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.