Quantbot Technologies LP Reduces Stock Position in Stantec Inc. (NYSE:STN)

Quantbot Technologies LP trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 53.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,134 shares of the business services provider’s stock after selling 10,684 shares during the period. Quantbot Technologies LP’s holdings in Stantec were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in Stantec by 8.8% during the fourth quarter. Advisors Asset Management Inc. now owns 46,036 shares of the business services provider’s stock worth $3,612,000 after purchasing an additional 3,726 shares during the last quarter. Signaturefd LLC raised its holdings in Stantec by 4.5% during the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock worth $317,000 after purchasing an additional 175 shares in the last quarter. Gitterman Wealth Management LLC lifted its position in shares of Stantec by 6.6% during the 4th quarter. Gitterman Wealth Management LLC now owns 5,596 shares of the business services provider’s stock worth $439,000 after buying an additional 348 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Stantec in the 4th quarter valued at $1,657,000. Finally, LBP AM SA grew its position in shares of Stantec by 2.9% in the 4th quarter. LBP AM SA now owns 43,205 shares of the business services provider’s stock valued at $3,389,000 after buying an additional 1,217 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Price Performance

Shares of NYSE STN opened at $83.76 on Thursday. The stock has a market cap of $9.55 billion, a P/E ratio of 38.07 and a beta of 1.04. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The stock has a 50 day moving average of $80.17 and a two-hundred day moving average of $81.14. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The firm 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 dividend of $0.1574 per share. The ex-dividend date is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a yield of 0.75%. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is currently 26.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Stantec presently has an average rating of “Buy”.

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.