Bank of Montreal Can raised its position in Stantec Inc. (NYSE:STN – Get Rating) (TSE:STN) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,831,713 shares of the business services provider’s stock after acquiring an additional 80,462 shares during the quarter. Bank of Montreal Can owned approximately 2.56% of Stantec worth $141,831,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Stantec by 45.4% in the third quarter. Quadrant Capital Group LLC now owns 762 shares of the business services provider’s stock worth $33,000 after acquiring an additional 238 shares during the last quarter. US Bancorp DE lifted its position in shares of Stantec by 144.4% during the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock worth $38,000 after buying an additional 452 shares during the last quarter. Tacita Capital Inc lifted its position in shares of Stantec by 35.7% during the 2nd quarter. Tacita Capital Inc now owns 950 shares of the business services provider’s stock worth $42,000 after buying an additional 250 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Stantec by 134.5% during the 3rd quarter. Addison Advisors LLC now owns 1,888 shares of the business services provider’s stock worth $83,000 after buying an additional 1,083 shares during the last quarter. Finally, FourThought Financial LLC lifted its position in shares of Stantec by 12.6% during the 3rd quarter. FourThought Financial LLC now owns 2,574 shares of the business services provider’s stock worth $113,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.
Stantec Stock Performance
Shares of Stantec stock traded up $0.04 during trading on Monday, reaching $55.35. The company’s stock had a trading volume of 51,166 shares, compared to its average volume of 76,319. The company has a 50-day moving average price of $54.59 and a two-hundred day moving average price of $50.35. The firm has a market cap of $6.14 billion, a PE ratio of 32.35 and a beta of 0.90. Stantec Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $61.61. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.52.
Stantec Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Stantec’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 30th. Stantec’s payout ratio is presently 31.58%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com started coverage on shares of Stantec in a research report on Thursday, March 16th. They set a “strong-buy” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Buy” and a consensus target price of $76.29.
Stantec Profile
Stantec, Inc engages in the provision of professional services in the area of infrastructure and facilities. Its services include engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics from initial project concept and planning through to design, construction administration, commissioning, maintenance, decommissioning, and remediation.