Dimensional Fund Advisors LP Increases Stock Position in Stantec Inc. (NYSE:STN)

Dimensional Fund Advisors LP boosted its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,049 shares of the business services provider’s stock after acquiring an additional 27,060 shares during the period. Dimensional Fund Advisors LP owned 0.19% of Stantec worth $17,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new stake in Stantec during the first quarter valued at approximately $810,000. Jennison Associates LLC lifted its position in Stantec by 82.6% during the first quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider’s stock valued at $7,662,000 after acquiring an additional 41,724 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Stantec by 3.1% during the first quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider’s stock valued at $26,077,000 after acquiring an additional 9,480 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Stantec during the fourth quarter valued at approximately $1,390,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Stantec by 33.8% during 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 acquiring an additional 19,407 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Stantec Trading Up 0.0 %

Shares of Stantec stock opened at $82.81 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. Stantec Inc. has a 12-month low of $59.55 and a 12-month high of $88.42. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 36.16 and a beta of 1.02. The firm’s 50 day simple moving average is $81.60 and its two-hundred day simple moving average is $82.27.

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

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a $0.152 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.73%. Stantec’s payout ratio is currently 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.