DekaBank Deutsche Girozentrale Sells 228,538 Shares of Stantec Inc. (NYSE:STN)

DekaBank Deutsche Girozentrale cut its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 685,175 shares of the business services provider’s stock after selling 228,538 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Stantec were worth $54,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forsta AP Fonden lifted its position in Stantec by 14.4% during the third quarter. Forsta AP Fonden now owns 42,100 shares of the business services provider’s stock valued at $3,389,000 after buying an additional 5,300 shares during the period. Assenagon Asset Management S.A. lifted its position in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 196 shares during the period. Blue Trust Inc. boosted its stake in Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after acquiring an additional 867 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its stake in Stantec by 81.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock worth $1,137,000 after acquiring an additional 6,354 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Stantec by 177.6% in the third quarter. SG Americas Securities LLC now owns 3,814 shares of the business services provider’s stock worth $307,000 after purchasing an additional 2,440 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STN has been the topic of a number of analyst reports. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Scotiabank started coverage on Stantec in a report on Friday. They issued a “sector outperform” rating on the stock.

Stantec Stock Down 0.2 %

NYSE:STN opened at $81.78 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $9.33 billion, a P/E ratio of 35.71 and a beta of 1.02. Stantec Inc. has a fifty-two week low of $59.55 and a fifty-two week high of $88.42. The firm has a 50-day simple moving average of $81.51 and a two-hundred day simple moving average of $82.22.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Stantec had a net margin of 4.96% and a return on equity of 16.22%. Analysts predict that Stantec Inc. will post 3.07 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec’s payout ratio is currently 27.07%.

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.