Expressive Wealth LLC acquired a new stake in Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,785 shares of the business services provider’s stock, valued at approximately $468,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Stantec by 264.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after buying an additional 249 shares in the last quarter. Addison Advisors LLC acquired a new stake in shares of Stantec in the 2nd quarter valued at approximately $33,000. Leonteq Securities AG acquired a new stake in shares of Stantec in the 4th quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.
Stantec Stock Performance
STN opened at $74.02 on Friday. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51. The stock has a market cap of $8.32 billion, a P/E ratio of 23.06 and a beta of 0.99. The stock’s 50 day simple moving average is $70.56 and its 200 day simple moving average is $81.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50.
Stantec Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be given a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec’s dividend payout ratio (DPR) is currently 21.50%.
Analyst Ratings Changes
A number of research analysts recently weighed in on STN shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings cut shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.
Stantec Company Profile
Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.
The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.
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