Stantec Inc. (NYSE:STN) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 30.3% in the third quarter, Holdings Channel reports. The firm owned 2,122 shares of the business services provider’s stock after buying an additional 493 shares during the period. US Bancorp DE’s holdings in Stantec were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Jupiter Asset Management Ltd. raised its stake in Stantec by 3.1% in the first quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider’s stock valued at $26,077,000 after buying an additional 9,480 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Stantec by 33.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 76,772 shares of the business services provider’s stock valued at $6,375,000 after purchasing an additional 19,407 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Stantec by 488.2% in the 1st quarter. Acadian Asset Management LLC now owns 20,000 shares of the business services provider’s stock valued at $1,659,000 after purchasing an additional 16,600 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in Stantec by 81.8% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 6,354 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew 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 worth $324,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank initiated coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Raymond James downgraded 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 research report on Monday. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Finally, StockNews.com cut Stantec from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stantec has an average rating of “Moderate Buy”.

Stantec Stock Up 0.4 %

STN stock opened at $82.90 on Friday. The company has a market capitalization of $9.46 billion, a P/E ratio of 37.68 and a beta of 1.02. Stantec Inc. has a 12 month low of $67.54 and a 12 month high of $88.42. The firm’s fifty day simple moving average is $81.49 and its 200-day simple moving average is $82.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.39.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 28.18%.

About Stantec

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.