FourThought Financial LLC Has $113,000 Stake in Stantec Inc. (NYSE:STN)

FourThought Financial LLC boosted its stake in shares of Stantec Inc. (NYSE:STN – Get Rating) (TSE:STN) by 12.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,574 shares of the business services provider’s stock after buying an additional 288 shares during the quarter. FourThought Financial LLC’s holdings in Stantec were worth $113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Stantec by 3.0% in the first quarter. Raymond James & Associates now owns 63,700 shares of the business services provider’s stock worth $3,194,000 after acquiring an additional 1,857 shares during the period. US Bancorp DE boosted its stake in shares of Stantec by 144.4% in the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 452 shares during the last quarter. BlackRock Inc. increased its position in shares of Stantec by 240.3% during the first quarter. BlackRock Inc. now owns 163,318 shares of the business services provider’s stock worth $8,189,000 after buying an additional 115,326 shares during the period. Great West Life Assurance Co. Can raised its stake in Stantec by 9.8% during the first quarter. Great West Life Assurance Co. Can now owns 6,817 shares of the business services provider’s stock worth $364,000 after buying an additional 610 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Stantec by 3.1% in the first quarter. Vanguard Group Inc. now owns 3,725,375 shares of the business services provider’s stock valued at $186,791,000 after buying an additional 110,476 shares during the period. Institutional investors own 60.78% of the company’s stock.

Stantec Stock Down 0.8 %

Stantec stock opened at $57.03 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.52. Stantec Inc. has a 12-month low of $40.92 and a 12-month high of $61.61. The firm’s fifty day moving average is $54.06 and its 200 day moving average is $50.00. The company has a market capitalization of $6.32 billion, a PE ratio of 33.35 and a beta of 0.90.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from Stantec’s previous quarterly dividend of $0.13. Stantec’s payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of brokerages have weighed in on STN. Royal Bank of Canada upgraded Stantec from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 23rd. StockNews.com started coverage on Stantec in a report on Thursday. They issued a “strong-buy” rating for the company. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $76.29.

Stantec Profile

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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.