Intact Investment Management Inc. cut its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 92.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,100 shares of the business services provider’s stock after selling 523,300 shares during the period. Intact Investment Management Inc.’s holdings in Stantec were worth $1,582,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Jarislowsky Fraser Ltd boosted its position in shares of Stantec by 1.0% during the fourth quarter. Jarislowsky Fraser Ltd now owns 12,767,920 shares of the business services provider’s stock worth $361,351,000 after acquiring an additional 126,675 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in Stantec by 2.1% during the 4th quarter. Pictet Asset Management Ltd. now owns 3,324,430 shares of the business services provider’s stock worth $94,088,000 after acquiring an additional 69,490 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Stantec by 1,054.6% during the 4th quarter. Acadian Asset Management LLC now owns 1,230,796 shares of the business services provider’s stock worth $34,831,000 after acquiring an additional 1,124,196 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Stantec by 48.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,014,411 shares of the business services provider’s stock worth $28,421,000 after acquiring an additional 332,638 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Stantec by 24.4% during the 4th quarter. Bank of Montreal Can now owns 767,263 shares of the business services provider’s stock worth $21,713,000 after acquiring an additional 150,259 shares in the last quarter. 64.93% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on STN. Zacks Investment Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. BMO Capital Markets raised their price target on shares of Stantec from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, CIBC restated a “buy” rating and issued a $46.00 price target on shares of Stantec in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.92.
Shares of NYSE:STN traded up $0.37 during trading on Thursday, reaching $24.67. The stock had a trading volume of 700 shares, compared to its average volume of 195,541. Stantec Inc. has a one year low of $20.22 and a one year high of $31.94. The company has a market capitalization of $2.70 billion, a P/E ratio of 18.92 and a beta of 1.12. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $28.96 and its 200 day simple moving average is $26.36.
Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $682.66 million for the quarter, compared to analysts’ expectations of $692.87 million. Stantec had a net margin of 4.03% and a return on equity of 12.02%. Equities research analysts forecast that Stantec Inc. will post 1.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.1163 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.11. This represents a $0.47 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, March 30th. Stantec’s dividend payout ratio (DPR) is presently 28.95%.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.
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