Stantec Inc. (NYSE:STN) Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. reduced its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 27.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,874 shares of the business services provider’s stock after selling 9,620 shares during the quarter. Aviso Financial Inc.’s holdings in Stantec were worth $1,951,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of STN. Blue Trust Inc. increased its stake in Stantec by 78.4% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after buying an additional 764 shares during the period. US Bancorp DE boosted its position in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock worth $171,000 after purchasing an additional 493 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Stantec during the 3rd quarter worth $213,000. Atria Investments Inc boosted its position in shares of Stantec by 4.3% during the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after purchasing an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Stantec by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after purchasing an additional 300 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Price Performance

Stantec stock opened at $80.42 on Friday. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $79.05 and its 200 day simple moving average is $81.04. The firm has a market capitalization of $9.17 billion, a PE ratio of 36.56 and a beta of 1.04.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.1574 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a dividend yield of 0.78%. Stantec’s payout ratio is currently 26.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Stantec Company 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.