EverSource Wealth Advisors LLC Purchases 129 Shares of Stantec Inc. (NYSE:STN)

EverSource Wealth Advisors LLC increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,166 shares of the business services provider’s stock after purchasing an additional 129 shares during the period. EverSource Wealth Advisors LLC’s holdings in Stantec were worth $103,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new position in shares of Stantec in the first quarter valued at $810,000. Jennison Associates LLC boosted its stake in Stantec by 82.6% during the 1st quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider’s stock valued at $7,662,000 after purchasing an additional 41,724 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Stantec by 3.1% in the first quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider’s stock worth $26,077,000 after purchasing an additional 9,480 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Stantec in the fourth quarter valued at approximately $1,390,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Stantec by 33.8% in the first 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 in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Up 0.2 %

Shares of STN stock opened at $80.94 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 35.35 and a beta of 1.02. Stantec Inc. has a 52-week low of $59.55 and a 52-week high of $88.42. The company has a 50-day simple moving average of $82.21 and a two-hundred day simple moving average of $82.42.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. Research analysts anticipate 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 given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio is presently 27.07%.

Analysts Set New Price Targets

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

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.