Stantec Inc. (NYSE:STN) Position Increased by Cumberland Partners Ltd

Cumberland Partners Ltd raised its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1,013.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,200 shares of the business services provider’s stock after buying an additional 102,125 shares during the quarter. Cumberland Partners Ltd owned 0.10% of Stantec worth $9,031,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in STN. BNP Paribas Financial Markets increased its holdings in Stantec by 8.4% in the first quarter. BNP Paribas Financial Markets now owns 10,035 shares of the business services provider’s stock worth $833,000 after buying an additional 779 shares during the last quarter. Quantbot Technologies LP grew its holdings in Stantec by 17.9% during the first quarter. Quantbot Technologies LP now owns 11,910 shares of the business services provider’s stock valued at $989,000 after purchasing an additional 1,807 shares during the last quarter. SG Americas Securities LLC acquired a new position in Stantec during the first quarter valued at approximately $235,000. Russell Investments Group Ltd. grew its holdings in Stantec by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 342,455 shares of the business services provider’s stock valued at $28,494,000 after purchasing an additional 12,208 shares during the last quarter. Finally, Pembroke Management LTD grew its holdings in Stantec by 4.7% during the first quarter. Pembroke Management LTD now owns 7,599 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE:STN traded down $1.00 on Tuesday, hitting $81.96. The stock had a trading volume of 19,923 shares, compared to its average volume of 118,451. The firm’s 50 day moving average price is $81.35 and its 200-day moving average price is $82.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. Stantec Inc. has a twelve month low of $67.54 and a twelve month high of $88.42. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 37.71 and a beta of 1.02.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s payout ratio is currently 28.18%.

Analyst Ratings Changes

Several brokerages have commented on STN. Scotiabank assumed coverage on Stantec in a report on Friday, October 25th. They set a “sector outperform” rating on the stock. Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. StockNews.com downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.