Vontobel Holding Ltd. reduced its stake in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,188 shares of the business services provider’s stock after selling 62,366 shares during the period. Vontobel Holding Ltd.’s holdings in Stantec were worth $38,236,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in STN. Allworth Financial LP lifted its stake in Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after acquiring an additional 249 shares during the period. Leonteq Securities AG purchased a new stake in shares of Stantec during the fourth quarter worth $37,000. Tower Research Capital LLC TRC increased its position in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Stantec during the fourth quarter worth $57,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.
Stantec Trading Up 0.4%
Shares of STN opened at $72.29 on Friday. The stock has a fifty day moving average of $82.62 and a two-hundred day moving average of $90.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $8.25 billion, a PE ratio of 23.17 and a beta of 0.98. Stantec Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $114.51.
Stantec Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.245 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. Stantec’s payout ratio is currently 22.44%.
Analyst Ratings Changes
Several equities analysts recently commented on STN shares. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Royal Bank Of Canada raised their price target on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.
Get Our Latest Stock Report on Stantec
Stantec Profile
Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.
The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.
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