Stantec Inc. (NYSE:STN) Stock Position Raised by National Bank of Canada FI

National Bank of Canada FI boosted its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 940,461 shares of the business services provider’s stock after purchasing an additional 93,823 shares during the period. National Bank of Canada FI owned 0.82% of Stantec worth $77,860,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of Stantec in the second quarter worth $51,000. EverSource Wealth Advisors LLC grew its stake in Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 326 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Stantec by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares in the last quarter. Tobam acquired a new position in shares of Stantec in the 1st quarter valued at about $153,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Stantec in the fourth quarter worth approximately $230,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Stantec Price Performance

Shares of NYSE:STN opened at $79.40 on Friday. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 34.67 and a beta of 1.02. Stantec Inc. has a 1 year low of $59.55 and a 1 year high of $88.42. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $83.91 and a 200 day simple moving average of $82.85.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. As a group, sell-side analysts predict that Stantec Inc. will post 3.07 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 26.20%.

Stantec 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.