Mawer Investment Management Ltd. trimmed its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,658,736 shares of the business services provider’s stock after selling 9,075 shares during the quarter. Mawer Investment Management Ltd. owned about 1.49% of Stantec worth $39,898,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in STN. Caisse DE Depot ET Placement DU Quebec increased its holdings in Stantec by 8.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,927,000 shares of the business services provider’s stock worth $234,660,000 after acquiring an additional 800,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Stantec in the 1st quarter worth approximately $21,245,000. Cidel Asset Management Inc. purchased a new stake in Stantec in the 1st quarter worth approximately $7,843,000. FIL Ltd increased its holdings in Stantec by 18.6% in the 1st quarter. FIL Ltd now owns 1,398,036 shares of the business services provider’s stock worth $33,038,000 after acquiring an additional 218,997 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Stantec in the 2nd quarter worth approximately $3,762,000. 64.41% of the stock is owned by institutional investors.
STN stock traded down $0.23 during midday trading on Friday, hitting $21.46. The company’s stock had a trading volume of 438 shares, compared to its average volume of 16,665. Stantec Inc. has a 12 month low of $20.22 and a 12 month high of $26.74. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.34 and a beta of 1.16. The company has a 50 day moving average of $23.26 and a two-hundred day moving average of $23.84.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.05%. This is an increase from Stantec’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio is presently 30.71%.
Several equities research analysts recently issued reports on STN shares. Zacks Investment Research lowered shares of Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. BMO Capital Markets reduced their target price on shares of Stantec from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, August 9th. CIBC reissued a “hold” rating and issued a $35.00 target price on shares of Stantec in a report on Friday, August 9th. Finally, Raymond James reissued a “hold” rating and issued a $34.50 target price on shares of Stantec in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.90.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services ? Canada, Consulting Services ? United States, and Consulting Services ? Global.
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