APG Asset Management N.V. Buys Shares of 7,800 Stantec Inc. (NYSE:STN)

APG Asset Management N.V. bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the second quarter, HoldingsChannel.com reports. The fund bought 7,800 shares of the business services provider’s stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of STN. Hsbc Holdings PLC grew its position in Stantec by 187.0% in the 4th quarter. Hsbc Holdings PLC now owns 92,060 shares of the business services provider’s stock valued at $7,383,000 after acquiring an additional 59,988 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Stantec during the fourth quarter valued at $230,000. 1832 Asset Management L.P. grew its holdings in shares of Stantec by 1.2% in the fourth quarter. 1832 Asset Management L.P. now owns 102,971 shares of the business services provider’s stock worth $8,257,000 after purchasing an additional 1,258 shares during the last quarter. Thematics Asset Management increased its stake in Stantec by 5.7% in the 4th quarter. Thematics Asset Management now owns 240,642 shares of the business services provider’s stock worth $19,414,000 after buying an additional 13,000 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Stantec during the 4th quarter valued at about $1,390,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Stantec Trading Up 0.1 %

Shares of NYSE STN opened at $80.50 on Wednesday. Stantec Inc. has a twelve month low of $59.55 and a twelve month high of $88.42. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $81.98 and a two-hundred day simple moving average of $82.33. The firm has a market cap of $9.18 billion, a PE ratio of 35.15 and a beta of 1.02.

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, beating the consensus estimate of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Analysts expect that Stantec Inc. will post 3.07 earnings per share for the current fiscal year.

Stantec Dividend Announcement

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

Stantec Company 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.