Stantec Inc. (NYSE:STN) Holdings Decreased by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,712 shares of the business services provider’s stock after selling 39,422 shares during the quarter. Toronto Dominion Bank’s holdings in Stantec were worth $10,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in Stantec by 187.0% during the fourth quarter. Hsbc Holdings PLC now owns 92,060 shares of the business services provider’s stock worth $7,383,000 after purchasing an additional 59,988 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Stantec in the 4th quarter worth $230,000. Gold Investment Management Ltd. acquired a new stake in shares of Stantec in the fourth quarter valued at $317,000. Scotia Capital Inc. boosted its stake in Stantec by 2.3% during the fourth quarter. Scotia Capital Inc. now owns 162,101 shares of the business services provider’s stock valued at $12,969,000 after buying an additional 3,710 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Stantec by 166.5% during the fourth quarter. CIBC Asset Management Inc now owns 284,686 shares of the business services provider’s stock worth $22,929,000 after acquiring an additional 177,882 shares during the period. Institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

Stantec Trading Down 0.6 %

Shares of NYSE:STN opened at $80.27 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 stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 35.05 and a beta of 1.02. Stantec Inc. has a 1-year low of $59.55 and a 1-year high of $88.42. The company has a 50 day moving average price of $82.11 and a 200 day moving average price of $82.40.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business 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%. On average, research analysts anticipate that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Stantec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 0.76%. Stantec’s 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.