DekaBank Deutsche Girozentrale Sells 33,111 Shares of Stantec Inc. (NYSE:STN)

DekaBank Deutsche Girozentrale trimmed its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,175 shares of the business services provider’s stock after selling 33,111 shares during the period. DekaBank Deutsche Girozentrale owned 0.43% of Stantec worth $40,588,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of STN. UniSuper Management Pty Ltd lifted its holdings in shares of Stantec by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after acquiring an additional 800 shares during the last quarter. Tobam bought a new stake in shares of Stantec during the 1st quarter worth $153,000. Raymond James Financial Services Advisors Inc. bought a new stake in Stantec in the fourth quarter worth $214,000. Vestmark Advisory Solutions Inc. bought a new stake in Stantec in the fourth quarter worth $215,000. Finally, Intech Investment Management LLC bought a new stake in Stantec in the first quarter worth $233,000. 63.86% of the stock is owned by institutional investors.

Stantec Trading Down 3.8 %

STN traded down $3.29 during midday trading on Friday, reaching $84.25. 248,399 shares of the company’s stock traded hands, compared to its average volume of 81,692. The firm has a fifty day moving average of $83.67 and a two-hundred day moving average of $82.64. Stantec Inc. has a 52 week low of $59.55 and a 52 week high of $88.42. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 36.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $996.81 million. Stantec had a return on equity of 16.51% and a net margin of 5.19%. On average, equities analysts anticipate that Stantec Inc. will post 3.1 earnings per share for the current fiscal year.

Stantec Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, June 28th. Stantec’s payout ratio is 27.07%.

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.