Signaturefd LLC Raises Stake in Stantec Inc. (NYSE:STN)

Signaturefd LLC raised its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the business services provider’s stock after buying an additional 175 shares during the quarter. Signaturefd LLC’s holdings in Stantec were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Canoe Financial LP grew its stake in Stantec by 1,011.1% during the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock valued at $6,567,000 after acquiring an additional 76,217 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Stantec by 198.4% in the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after purchasing an additional 251,407 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Stantec by 8.7% during the 4th 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. Point72 Asset Management L.P. bought a new position in shares of Stantec in the third quarter worth $479,000. Finally, Quantbot Technologies LP raised its position in shares of Stantec by 98.1% in the third quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock worth $1,594,000 after buying an additional 9,814 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Stantec Trading Down 1.9 %

Shares of STN opened at $82.05 on Friday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a market capitalization of $9.36 billion, a P/E ratio of 37.30 and a beta of 1.04. 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’s 50 day simple moving average is $79.78 and its 200 day simple moving average is $81.04.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1574 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s 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.