FORA Capital LLC Purchases Shares of 2,655 Stantec Inc. (NYSE:STN)

FORA Capital LLC acquired a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,655 shares of the business services provider’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Bridgewater Associates LP lifted its holdings in Stantec by 24.3% in the 3rd quarter. Bridgewater Associates LP now owns 5,014 shares of the business services provider’s stock worth $404,000 after purchasing an additional 980 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Stantec by 19.5% during the third quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider’s stock valued at $889,000 after buying an additional 1,800 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Stantec by 98.1% in the third quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock worth $1,594,000 after buying an additional 9,814 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after acquiring an additional 1,536,475 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Stantec during the third quarter valued at $655,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Up 1.5 %

STN stock opened at $87.03 on Friday. The firm has a fifty day moving average price of $82.77 and a 200 day moving average price of $82.57. Stantec Inc. has a fifty-two week low of $70.95 and a fifty-two week high of $88.42. 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 firm has a market cap of $9.93 billion, a PE ratio of 39.56 and a beta of 1.02.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.155 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.71%. Stantec’s dividend payout ratio (DPR) is 28.18%.

Analyst Ratings Changes

STN has been the topic of several research analyst reports. Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.