DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stock Position in Stantec Inc. (NYSE:STN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,750 shares of the business services provider’s stock after selling 51,095 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.15% of Stantec worth $13,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Stantec by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider’s stock valued at $358,951,000 after purchasing an additional 74,976 shares in the last quarter. Bank of Montreal Can lifted its stake in Stantec by 9.5% during the fourth quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider’s stock worth $273,970,000 after purchasing an additional 302,979 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Stantec by 19.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider’s stock worth $262,791,000 after purchasing an additional 542,305 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Stantec by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock valued at $155,433,000 after buying an additional 207,470 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Stantec by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider’s stock worth $139,230,000 after buying an additional 14,332 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STN has been the subject of a number of recent research reports. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Wednesday. Raymond James upgraded shares of 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, According to MarketBeat, Stantec has a consensus rating of “Buy”.

Stantec Stock Performance

Shares of STN stock opened at $94.25 on Friday. The company has a market capitalization of $10.75 billion, a P/E ratio of 42.84 and a beta of 0.98. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $94.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $85.16 and a two-hundred day moving average price of $82.35.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a dividend of $0.1574 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, March 28th. Stantec’s dividend payout ratio is currently 26.61%.

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.