Achmea Investment Management B.V. Cuts Position in Stantec Inc. (NYSE:STN)

Achmea Investment Management B.V. lessened its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 75.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,536 shares of the business services provider’s stock after selling 29,177 shares during the quarter. Achmea Investment Management B.V.’s holdings in Stantec were worth $748,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STN. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 121.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after purchasing an additional 1,536,475 shares in the last quarter. National Bank of Canada FI increased its holdings in Stantec by 54.6% during 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 increased its holdings in Stantec by 198.4% during the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after acquiring an additional 251,407 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stantec by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock valued at $155,433,000 after acquiring an additional 207,470 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in Stantec by 79.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 198,539 shares of the business services provider’s stock valued at $15,966,000 after acquiring an additional 87,709 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

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

Stantec Stock Performance

Shares of NYSE STN opened at $82.41 on Friday. The company has a market cap of $9.40 billion, a PE ratio of 37.46 and a beta of 1.04. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $90.24. 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 company has a 50-day simple moving average of $79.15 and a 200-day simple moving average of $81.00.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1574 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.76%. Stantec’s payout ratio 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.