Advisors Asset Management Inc. Raises Stock Position in Stantec Inc. (NYSE:STN)

Advisors Asset Management Inc. boosted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,036 shares of the business services provider’s stock after buying an additional 3,726 shares during the period. Advisors Asset Management Inc.’s holdings in Stantec were worth $3,612,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Stantec by 78.4% during the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 764 shares in the last quarter. US Bancorp DE grew its position in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 237 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Stantec during the third quarter valued at about $213,000. Atria Investments Inc grew its position in shares of Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 0.2 %

Shares of NYSE:STN opened at $83.61 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $90.24. The company has a 50-day moving average price of $79.66 and a 200 day moving average price of $81.04. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 38.00 and a beta of 1.04.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. Stantec’s dividend payout ratio (DPR) is presently 26.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec has a consensus rating of “Buy”.

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.