Stantec Inc. (NYSE:STN) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 15.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 214,097 shares of the business services provider’s stock after selling 39,481 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Stantec were worth $16,789,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock worth $140,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE lifted its stake in Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after purchasing an additional 237 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Stantec during the fourth quarter worth $212,000. FORA Capital LLC acquired a new stake in shares of Stantec in the third quarter valued at $213,000. Finally, Sava Infond d.o.o. purchased a new stake in shares of Stantec in the 4th quarter valued at $275,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stantec Stock Down 0.3 %

Shares of NYSE STN opened at $83.50 on Friday. The stock has a market cap of $9.52 billion, a P/E ratio of 37.95 and a beta of 1.04. The business’s fifty day simple moving average is $80.31 and its 200-day simple moving average is $81.15. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $90.24. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is 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.