Oddo BHF Asset Management Sas Acquires Shares of 38,762 Stantec Inc. (NYSE:STN)

Oddo BHF Asset Management Sas bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,762 shares of the business services provider’s stock, valued at approximately $3,117,000.

Several other institutional investors have also modified their holdings of the business. Cidel Asset Management Inc. increased its holdings in Stantec by 2.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 215,302 shares of the business services provider’s stock worth $18,021,000 after purchasing an additional 6,086 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in shares of Stantec by 6.8% in the second quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider’s stock worth $276,000 after buying an additional 211 shares during the last quarter. Calamos Wealth Management LLC raised its holdings in Stantec by 9.3% in the second quarter. Calamos Wealth Management LLC now owns 28,979 shares of the business services provider’s stock valued at $2,421,000 after acquiring an additional 2,468 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Stantec by 2.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 363,803 shares of the business services provider’s stock valued at $30,450,000 after acquiring an additional 7,473 shares during the last quarter. Finally, Tobam grew its holdings in Stantec by 43.4% during the 2nd quarter. Tobam now owns 2,642 shares of the business services provider’s stock worth $221,000 after acquiring an additional 799 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

STN has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Scotiabank assumed coverage on Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating for the company. Finally, StockNews.com raised Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Stantec currently has an average rating of “Moderate Buy”.

Stantec Stock Performance

Shares of NYSE STN opened at $82.61 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $83.79 and its two-hundred day moving average price is $82.92. Stantec Inc. has a 52-week low of $74.62 and a 52-week high of $88.42. The stock has a market capitalization of $9.42 billion, a P/E ratio of 37.55 and a beta of 0.99.

Stantec Increases Dividend

The business also recently declared 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. This is an increase from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.75%. Stantec’s dividend payout ratio (DPR) is 28.18%.

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.