Janus Henderson Group PLC Invests $56.19 Million in Stantec Inc. (NYSE:STN)

Janus Henderson Group PLC acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 709,106 shares of the business services provider’s stock, valued at approximately $56,191,000. Janus Henderson Group PLC owned 0.62% of Stantec as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Graham Capital Management L.P. bought a new position in Stantec during the 4th quarter valued at about $207,000. Deutsche Bank AG lifted its holdings in Stantec by 13.4% during the 4th quarter. Deutsche Bank AG now owns 311,713 shares of the business services provider’s stock valued at $24,454,000 after purchasing an additional 36,738 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Stantec during the 4th quarter valued at about $1,191,000. Bank of America Corp DE lifted its holdings in Stantec by 11.7% during the 4th quarter. Bank of America Corp DE now owns 544,507 shares of the business services provider’s stock valued at $42,717,000 after purchasing an additional 57,166 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Stantec by 114.3% during the 4th quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider’s stock valued at $1,858,000 after purchasing an additional 12,627 shares during the last quarter. 63.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STN. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Wednesday, May 7th. Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Stantec Trading Up 1.3%

Shares of NYSE STN opened at $94.73 on Wednesday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $95.53. The company has a market cap of $10.81 billion, a PE ratio of 43.06 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $85.59 and a two-hundred day moving average of $82.52.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a $0.1574 dividend. The ex-dividend date was Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.66%. Stantec’s payout ratio is currently 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.