EverSource Wealth Advisors LLC Sells 208 Shares of Stantec Inc. (NYSE:STN)

EverSource Wealth Advisors LLC lessened its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 17.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,017 shares of the business services provider’s stock after selling 208 shares during the period. EverSource Wealth Advisors LLC’s holdings in Stantec were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after acquiring an additional 1,536,475 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Stantec by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after purchasing an additional 48,009 shares during the period. National Bank of Canada FI raised its position in shares of Stantec by 54.6% in the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after purchasing an additional 513,269 shares during the period. Allianz Asset Management GmbH raised its position in shares of Stantec by 5.3% in the fourth quarter. Allianz Asset Management GmbH now owns 981,515 shares of the business services provider’s stock valued at $76,968,000 after purchasing an additional 48,972 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Stantec by 9.7% in the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock valued at $42,781,000 after purchasing an additional 46,267 shares during the period. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec has a consensus rating of “Buy”.

Stantec Trading Down 1.4 %

NYSE:STN opened at $82.51 on Wednesday. The company’s 50 day moving average is $79.39 and its 200-day moving average is $81.00. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 37.50 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 12 month low of $73.18 and a 12 month high of $90.24.

Stantec Increases Dividend

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

About Stantec

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.