Northwest & Ethical Investments L.P. Grows Stock Position in Stantec Inc. (NYSE:STN)

Northwest & Ethical Investments L.P. raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 79.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,539 shares of the business services provider’s stock after buying an additional 87,709 shares during the quarter. Northwest & Ethical Investments L.P. owned about 0.17% of Stantec worth $15,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STN. EverSource Wealth Advisors LLC lifted its holdings in Stantec by 45.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 326 shares during the last quarter. Triad Wealth Partners LLC bought a new position in Stantec in the 2nd quarter worth approximately $51,000. Cidel Asset Management Inc. grew its stake in Stantec by 2.9% in the 2nd quarter. Cidel Asset Management Inc. now owns 215,302 shares of the business services provider’s stock valued at $18,021,000 after buying an additional 6,086 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in Stantec by 6.8% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 211 shares during the period. Finally, Calamos Wealth Management LLC lifted its position in shares of Stantec by 9.3% during the second quarter. Calamos Wealth Management LLC now owns 28,979 shares of the business services provider’s stock worth $2,421,000 after acquiring an additional 2,468 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on STN shares. Raymond James lowered Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Scotiabank started coverage on Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. StockNews.com raised Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Stantec Price Performance

NYSE:STN traded down $0.17 during trading hours on Thursday, hitting $85.71. 153,412 shares of the company’s stock traded hands, compared to its average volume of 121,760. The firm has a market cap of $9.78 billion, a P/E ratio of 38.96 and a beta of 1.02. Stantec Inc. has a 52 week low of $70.85 and a 52 week high of $88.42. The business’s fifty day simple moving average is $82.68 and its two-hundred day simple moving average is $82.55. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.155 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 annualized dividend and a yield of 0.72%. Stantec’s dividend payout ratio (DPR) is currently 28.18%.

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.