Andra AP fonden Increases Stock Holdings in Stantec Inc. (NYSE:STN)

Andra AP fonden raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 95.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,900 shares of the business services provider’s stock after buying an additional 24,400 shares during the period. Andra AP fonden’s holdings in Stantec were worth $3,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE raised its stake in Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 493 shares in the last quarter. FORA Capital LLC acquired a new stake in Stantec in the third quarter worth about $213,000. Atria Investments Inc lifted its stake in shares of Stantec by 4.3% in the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after acquiring an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of NYSE STN opened at $82.61 on Friday. The stock’s fifty day simple moving average is $78.83 and its 200 day simple moving average is $81.09. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 37.55 and a beta of 1.04. 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 Inc. has a 52-week low of $73.18 and a 52-week high of $90.24.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.1574 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a yield of 0.76%. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is currently 26.61%.

Analyst Upgrades and Downgrades

STN has been the topic of several research analyst reports. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.