DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 51,095 Shares of Stantec Inc. (NYSE:STN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 22.7% during the fourth quarter, Holdings Channel.com reports. 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’s holdings in Stantec were worth $13,631,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atria Investments Inc lifted its stake in 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 acquiring an additional 151 shares during the period. Signaturefd LLC lifted its position in shares of Stantec by 4.5% in the 4th quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock worth $317,000 after purchasing an additional 175 shares during the period. Mariner LLC boosted its stake in shares of Stantec by 4.2% during the 4th quarter. Mariner LLC now owns 4,880 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 195 shares in the last quarter. US Bancorp DE increased its position in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after buying an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in 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 in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Trading Up 0.4 %

Shares of NYSE STN opened at $94.25 on Friday. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $94.81. 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 50-day moving average of $85.16 and a 200 day moving average of $82.35. The stock has a market cap of $10.75 billion, a P/E ratio of 42.84 and a beta of 0.98.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were issued a dividend of $0.1574 per share. This represents a $0.63 annualized dividend and a dividend yield of 0.67%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 28th. Stantec’s dividend payout ratio (DPR) is presently 26.61%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STN. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Stantec 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.