EverSource Wealth Advisors LLC Has $80,000 Stock Position in Stantec Inc. (NYSE:STN)

EverSource Wealth Advisors LLC trimmed its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,017 shares of the business services provider’s stock after selling 208 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Stantec were worth $80,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Stantec by 78.4% in 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 shares of Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after buying an additional 237 shares during the period. FORA Capital LLC acquired a new position in shares of Stantec in the third quarter worth about $213,000. Atria Investments Inc boosted its holdings in shares of Stantec by 4.3% in the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after buying an additional 151 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Stantec by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after buying an additional 300 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James raised 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 data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Stantec Price Performance

NYSE STN opened at $82.51 on Wednesday. The company has a 50 day simple moving average of $79.39 and a 200-day simple moving average of $81.00. 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 firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 37.50 and a beta of 1.04. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.76%. 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 26.61%.

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.