Stantec Inc. (NYSE:STN) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 53.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,134 shares of the business services provider’s stock after selling 10,684 shares during the period. Quantbot Technologies LP’s holdings in Stantec were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted 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 worth $140,000 after buying an additional 764 shares during the period. US Bancorp DE boosted its holdings in Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 237 shares during the period. FORA Capital LLC acquired a new position in Stantec in the 3rd quarter valued at about $213,000. Atria Investments Inc increased its stake in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after purchasing an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted 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 worth $293,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Down 0.1 %

STN opened at $83.76 on Thursday. 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 stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 38.07 and a beta of 1.04. The business has a fifty day moving average price of $80.17 and a 200 day moving average price of $81.14. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $90.24.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec’s dividend payout ratio is presently 26.61%.

Wall Street Analysts Forecast Growth

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

About Stantec

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.