Water Asset Management LLC decreased its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 9.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,130 shares of the business services provider’s stock after selling 7,238 shares during the quarter. Stantec comprises 0.7% of Water Asset Management LLC’s holdings, making the stock its 14th largest position. Water Asset Management LLC owned 0.06% of Stantec worth $1,630,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of STN. Global X Management Co. LLC grew its stake in Stantec by 75.3% during the 4th quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock worth $222,000 after purchasing an additional 3,416 shares in the last quarter. ARP Americas LP acquired a new position in shares of Stantec during the 4th quarter worth about $247,000. JPMorgan Chase & Co. acquired a new position in shares of Stantec during the 1st quarter worth about $271,000. Investors Research Corp acquired a new stake in shares of Stantec in the 4th quarter valued at about $509,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Stantec in the 4th quarter valued at about $3,312,000. Institutional investors own 56.27% of the company’s stock.
Stantec opened at $25.65 on Friday, MarketBeat Ratings reports. Stantec Inc. has a 12 month low of $24.05 and a 12 month high of $29.25. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 18.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.56 and a current ratio of 1.56.
Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, May 10th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The business had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $695.73 million. Stantec had a return on equity of 10.74% and a net margin of 3.67%. equities research analysts anticipate that Stantec Inc. will post 1.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Friday, June 29th will be paid a $0.107 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.43 dividend on an annualized basis and a yield of 1.67%. Stantec’s payout ratio is currently 30.88%.
STN has been the subject of a number of analyst reports. Zacks Investment Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 26th. CIBC upgraded Stantec from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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