Sonen Capital LLC Has $390,000 Stake in Stantec Inc. (NYSE:STN)

Sonen Capital LLC lowered its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,838 shares of the business services provider’s stock after selling 364 shares during the quarter. Sonen Capital LLC’s holdings in Stantec were worth $390,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stantec in the 3rd quarter valued at about $26,000. UniSuper Management Pty Ltd acquired a new position in Stantec in the third quarter valued at approximately $52,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stantec during the 4th quarter worth approximately $214,000. Quantbot Technologies LP grew its position in shares of Stantec by 456.3% during the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock worth $177,000 after buying an additional 2,236 shares during the period. Finally, First Affirmative Financial Network increased its stake in shares of Stantec by 4.2% in the 4th quarter. First Affirmative Financial Network now owns 3,784 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 152 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Up 0.4 %

Shares of NYSE:STN opened at $81.84 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. Stantec Inc. has a 52-week low of $56.49 and a 52-week high of $87.53. The business’s 50 day simple moving average is $82.74 and its two-hundred day simple moving average is $77.04. The firm has a market cap of $9.34 billion, a P/E ratio of 37.20 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, February 28th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Stantec had a return on equity of 16.50% and a net margin of 5.11%. The firm had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million. As a group, research analysts forecast that Stantec Inc. will post 3.13 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.1548 per share. This is a boost from Stantec’s previous quarterly dividend of $0.14. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Stantec’s dividend payout ratio (DPR) is currently 26.36%.

Analysts Set New Price Targets

Separately, Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.