Stantec Inc. (NYSE:STN) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 98.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,818 shares of the business services provider’s stock after buying an additional 9,814 shares during the period. Quantbot Technologies LP’s holdings in Stantec were worth $1,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA grew its holdings in shares of Stantec by 81.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 6,354 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 196 shares during the period. The Manufacturers Life Insurance Company grew its stake in Stantec by 175.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock worth $105,850,000 after buying an additional 806,869 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Stantec by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock worth $142,817,000 after buying an additional 48,009 shares during the period. Finally, Candriam S.C.A. lifted its stake in Stantec by 243.8% in the second quarter. Candriam S.C.A. now owns 204,405 shares of the business services provider’s stock valued at $17,108,000 after buying an additional 144,948 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 1.5 %

Stantec stock opened at $87.03 on Friday. Stantec Inc. has a 52 week low of $70.95 and a 52 week high of $88.42. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 38.96 and a beta of 1.02. The company’s 50-day moving average price is $82.77 and its two-hundred day moving average price is $82.57. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This is a boost from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 annualized dividend and a yield of 0.71%. Stantec’s payout ratio is presently 28.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on STN shares. Scotiabank assumed coverage on shares of Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stantec presently has an average rating of “Moderate 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.