Skandinaviska Enskilda Banken AB publ Sells 833 Shares of Stantec Inc. (NYSE:STN)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 54,143 shares of the business services provider’s stock after selling 833 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Stantec were worth $4,524,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STN. Intech Investment Management LLC increased its position in Stantec by 301.8% during the 2nd quarter. Intech Investment Management LLC now owns 11,255 shares of the business services provider’s stock valued at $942,000 after purchasing an additional 8,454 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Stantec by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 215,049 shares of the business services provider’s stock valued at $17,968,000 after purchasing an additional 27,060 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after buying an additional 422,538 shares during the period. Achmea Investment Management B.V. raised its stake in Stantec by 3.3% in the second quarter. Achmea Investment Management B.V. now owns 82,071 shares of the business services provider’s stock worth $6,869,000 after buying an additional 2,620 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in Stantec by 145.3% during the second quarter. Forsta AP Fonden now owns 36,800 shares of the business services provider’s stock worth $3,080,000 after buying an additional 21,800 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

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

Stantec Stock Down 1.1 %

NYSE:STN opened at $80.21 on Monday. The company’s 50 day moving average is $82.64 and its two-hundred day moving average is $82.50. The company has a market cap of $9.15 billion, a PE ratio of 35.03 and a beta of 1.02. 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 twelve month low of $59.55 and a twelve month high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last posted 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. Stantec had a net margin of 4.96% and a return on equity of 16.22%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Analysts anticipate that Stantec Inc. will post 3.07 EPS for the current 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 issued a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, September 27th. Stantec’s payout ratio is 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.