Oddo BHF Asset Management Sas Invests $3.12 Million in Stantec Inc. (NYSE:STN)

Oddo BHF Asset Management Sas acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,762 shares of the business services provider’s stock, valued at approximately $3,117,000.

A number of other hedge funds have also recently bought and sold shares of STN. Bank of Montreal Can grew its holdings in Stantec by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock valued at $265,177,000 after buying an additional 415,993 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Stantec by 121.3% in the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 valued at $142,817,000 after purchasing an additional 48,009 shares during the period. National Bank of Canada FI increased its position in Stantec by 54.6% during the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock worth $116,897,000 after purchasing an additional 513,269 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock worth $75,897,000 after purchasing an additional 422,538 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

STN has been the subject of several research reports. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank began coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy”.

Stantec Stock Down 0.7 %

Shares of NYSE STN opened at $82.61 on Friday. The stock has a fifty day moving average price of $83.79 and a 200 day moving average price of $82.92. 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 12-month low of $74.62 and a 12-month high of $88.42. The company has a market cap of $9.42 billion, a P/E ratio of 37.55 and a beta of 0.99.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio (DPR) is 28.18%.

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.