Aigen Investment Management LP Takes Position in Stantec Inc. (NYSE:STN)

Aigen Investment Management LP acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,544 shares of the business services provider’s stock, valued at approximately $1,220,000.

Several other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after buying an additional 1,536,475 shares during the period. National Bank of Canada FI grew its holdings in shares of Stantec by 54.6% in the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after acquiring an additional 513,269 shares in the last quarter. Toronto Dominion Bank lifted its stake 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 last quarter. Cumberland Partners Ltd lifted its stake in Stantec by 1,013.6% in the 3rd quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock valued at $9,031,000 after purchasing an additional 102,125 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in Stantec by 79.1% during the third quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock worth $15,966,000 after acquiring an additional 87,709 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on STN. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Stantec Stock Up 2.1 %

NYSE STN opened at $83.31 on Thursday. 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 Inc. has a 1-year low of $73.18 and a 1-year high of $90.24. The company has a 50 day moving average of $78.61 and a 200-day moving average of $81.07. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 37.87 and a beta of 1.04.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 0.76%. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s dividend payout ratio (DPR) is 26.61%.

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.