The Manufacturers Life Insurance Company Trims Position in Stantec Inc. (NYSE:STN)

The Manufacturers Life Insurance Company trimmed its position in Stantec Inc. (NYSE:STNFree Report) (TSE:STN) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,172 shares of the business services provider’s stock after selling 43,472 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Stantec were worth $37,888,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STN. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stantec in the 3rd quarter worth about $26,000. UniSuper Management Pty Ltd purchased a new stake in Stantec in the third quarter valued at approximately $52,000. Quantbot Technologies LP grew its stake in Stantec by 456.3% in the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock worth $177,000 after buying an additional 2,236 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stantec in the 4th quarter worth $214,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Stantec during the 4th quarter valued at $215,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

NYSE:STN opened at $82.97 on Friday. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 36.23 and a beta of 1.03. The business has a 50 day moving average of $81.22 and a 200 day moving average of $80.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. Stantec Inc. has a 1-year low of $59.55 and a 1-year high of $87.53.

Stantec (NYSE:STNGet Free Report) (TSE:STN) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Stantec had a net margin of 5.19% and a return on equity of 16.51%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $996.81 million. On average, sell-side analysts predict that Stantec Inc. will post 3.1 earnings per share for the current fiscal year.

Stantec Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.73%. Stantec’s dividend payout ratio (DPR) is currently 27.07%.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets cut Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th.

Read Our Latest Stock Analysis on Stantec

Stantec Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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