60,500 Shares in Stantec Inc. (NYSE:STN) Acquired by Ecofi Investissements SA

Ecofi Investissements SA acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 60,500 shares of the business services provider’s stock, valued at approximately $4,736,000. Stantec comprises 2.6% of Ecofi Investissements SA’s holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in Stantec in the 2nd quarter worth about $51,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Stantec during the 2nd quarter worth approximately $71,000. EverSource Wealth Advisors LLC lifted its position in shares of Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares during the period. Finally, Tobam purchased a new stake in Stantec in the 1st quarter worth $153,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stantec Stock Performance

NYSE STN opened at $80.27 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. Stantec Inc. has a 1-year low of $59.55 and a 1-year high of $88.42. The company has a market cap of $9.16 billion, a PE ratio of 35.05 and a beta of 1.02. The stock’s 50 day simple moving average is $82.11 and its 200-day simple moving average is $82.36.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts anticipate that Stantec Inc. will post 3.07 EPS for the current fiscal year.

Stantec Announces Dividend

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

Stantec Profile

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.