3,500 Shares in Stantec Inc. (NYSE:STN) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,500 shares of the business services provider’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Stantec by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider’s stock valued at $45,559,000 after purchasing an additional 39,671 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stantec in the fourth quarter worth $212,000. Vanguard Group Inc. lifted its position in Stantec by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider’s stock valued at $358,951,000 after buying an additional 74,976 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Stantec by 8.8% during the 4th quarter. Advisors Asset Management Inc. now owns 46,036 shares of the business services provider’s stock valued at $3,612,000 after buying an additional 3,726 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Stantec by 4.5% in the 4th quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock worth $317,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Stantec stock opened at $83.50 on Friday. The stock’s 50 day moving average is $80.31 and its 200 day moving average is $81.15. The company has a market capitalization of $9.52 billion, a P/E ratio of 37.95 and a beta of 1.04. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The business also recently announced 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. This is a boost from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s dividend payout ratio is currently 26.61%.

Analyst Upgrades and Downgrades

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