Stantec Inc. (NYSE:STN) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 15.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,176,820 shares of the business services provider’s stock after acquiring an additional 415,993 shares during the period. Bank of Montreal Can’s holdings in Stantec were worth $265,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Stantec by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after purchasing an additional 133,687 shares in the last quarter. TD Asset Management Inc increased its position in shares of Stantec by 0.7% in the fourth quarter. TD Asset Management Inc now owns 1,252,366 shares of the business services provider’s stock worth $101,036,000 after acquiring an additional 8,860 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Stantec by 11.1% in the 2nd quarter. National Bank of Canada FI now owns 940,461 shares of the business services provider’s stock valued at $77,860,000 after acquiring an additional 93,823 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Stantec by 86.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after acquiring an additional 422,538 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Stantec by 64.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 528,059 shares of the business services provider’s stock worth $42,345,000 after purchasing an additional 206,421 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Stantec Stock Down 1.1 %

NYSE STN opened at $80.21 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. Stantec Inc. has a fifty-two week low of $59.55 and a fifty-two week high of $88.42. The business has a 50 day moving average price of $82.64 and a two-hundred day moving average price of $82.50. The stock has a market cap of $9.15 billion, a PE ratio of 35.03 and a beta of 1.02.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stantec had a net margin of 4.96% and a return on equity of 16.22%. As a group, sell-side analysts predict that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.152 per share. The ex-dividend date is Friday, September 27th. This represents a $0.61 annualized dividend and a dividend yield of 0.76%. Stantec’s dividend payout ratio is presently 27.07%.

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.