Fiera Capital Corp Sells 4,096 Shares of Stantec Inc. (NYSE:STN)

Fiera Capital Corp lessened its position in shares of Stantec Inc. (NYSE:STNFree Report) (TSE:STN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,548,418 shares of the business services provider’s stock after selling 4,096 shares during the period. Fiera Capital Corp owned about 2.23% of Stantec worth $205,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STN. Metis Global Partners LLC lifted its position in shares of Stantec by 106.1% in the fourth quarter. Metis Global Partners LLC now owns 9,237 shares of the business services provider’s stock worth $742,000 after purchasing an additional 4,755 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Stantec during the 4th quarter worth about $215,000. AJOVista LLC bought a new position in shares of Stantec in the 4th quarter valued at about $867,000. Russell Investments Group Ltd. grew its holdings in shares of Stantec by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 330,247 shares of the business services provider’s stock valued at $26,630,000 after acquiring an additional 3,297 shares in the last quarter. Finally, K.J. Harrison & Partners Inc increased its position in shares of Stantec by 7.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 58,400 shares of the business services provider’s stock valued at $4,697,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

Separately, Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th.

Read Our Latest Report on Stantec

Stantec Stock Performance

NYSE STN traded down $0.49 on Friday, hitting $79.74. 74,174 shares of the stock were exchanged, compared to its average volume of 112,279. The company has a market capitalization of $9.10 billion, a PE ratio of 34.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. The business’s fifty day moving average is $82.41 and its 200 day moving average is $78.96. Stantec Inc. has a 52 week low of $56.49 and a 52 week high of $87.53.

Stantec (NYSE:STNGet Free Report) (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 net margin of 5.19% and a return on equity of 16.51%. The firm had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million. Research analysts anticipate that Stantec Inc. will post 3.1 EPS for the current fiscal year.

Stantec Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 annualized dividend and a dividend yield of 0.76%. Stantec’s dividend payout ratio is currently 27.07%.

Stantec Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stantec (NYSE:STN)

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