Natixis Boosts Holdings in Stantec Inc. (NYSE:STN)

Natixis raised its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 114.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,781 shares of the business services provider’s stock after buying an additional 952 shares during the quarter. Natixis’ holdings in Stantec were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of STN. Stifel Financial Corp increased its holdings in shares of Stantec by 3.1% in the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock worth $341,000 after purchasing an additional 126 shares during the last quarter. Barclays PLC increased its stake in Stantec by 73.2% in the 3rd quarter. Barclays PLC now owns 31,001 shares of the business services provider’s stock worth $2,493,000 after acquiring an additional 13,107 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Stantec during the 3rd quarter worth approximately $3,117,000. Principal Financial Group Inc. boosted its position in shares of Stantec by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 278,480 shares of the business services provider’s stock valued at $22,419,000 after acquiring an additional 5,150 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of Stantec in the fourth quarter valued at $531,000. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.2 %

Shares of NYSE STN opened at $87.04 on Friday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day moving average is $83.35 and its two-hundred day moving average is $81.84. The stock has a market capitalization of $9.93 billion, a P/E ratio of 39.56 and a beta of 1.00.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.1574 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 0.72%. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is currently 26.61%.

Analysts Set New Price Targets

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

Stantec 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.