Swiss National Bank Has $29.02 Million Position in Stantec Inc. (NYSE:STN)

Swiss National Bank trimmed its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,770 shares of the business services provider’s stock after selling 11,800 shares during the period. Swiss National Bank owned about 0.32% of Stantec worth $29,018,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Stantec by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,151,060 shares of the business services provider’s stock valued at $269,279,000 after purchasing an additional 59,589 shares in the last quarter. Fiera Capital Corp increased its position in shares of Stantec by 5.9% during the third quarter. Fiera Capital Corp now owns 2,552,514 shares of the business services provider’s stock worth $166,078,000 after acquiring an additional 142,842 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Stantec by 2.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,704,323 shares of the business services provider’s stock worth $110,579,000 after acquiring an additional 37,642 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Stantec by 7.9% in the 3rd quarter. TD Asset Management Inc now owns 1,243,506 shares of the business services provider’s stock worth $81,058,000 after acquiring an additional 91,021 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its position in Stantec by 5.7% in the 3rd quarter. Alberta Investment Management Corp now owns 858,970 shares of the business services provider’s stock valued at $55,992,000 after acquiring an additional 46,179 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Stantec Trading Up 0.5 %

Shares of STN stock opened at $84.88 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 38.58 and a beta of 1.05. Stantec Inc. has a 52-week low of $56.49 and a 52-week high of $87.53. The company has a 50-day simple moving average of $82.65 and a two-hundred day simple moving average of $78.09.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million. Stantec had a net margin of 5.11% and a return on equity of 16.50%. Research analysts anticipate that Stantec Inc. will post 3.14 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.1548 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, March 27th. Stantec’s payout ratio is presently 26.36%.

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.