Stantec Inc. (NYSE:STN) Position Lowered by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,862 shares of the business services provider’s stock after selling 175 shares during the period. Axxcess Wealth Management LLC’s holdings in Stantec were worth $230,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Stantec by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after purchasing an additional 133,687 shares during the last quarter. Bank of Montreal Can raised its stake in Stantec by 15.1% during the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after acquiring an additional 415,993 shares during the period. The Manufacturers Life Insurance Company raised its stake in Stantec by 175.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock worth $105,850,000 after acquiring an additional 806,869 shares during the period. National Bank of Canada FI raised its stake in Stantec by 11.1% during the second quarter. National Bank of Canada FI now owns 940,461 shares of the business services provider’s stock worth $77,860,000 after acquiring an additional 93,823 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock worth $75,897,000 after acquiring an additional 422,538 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE:STN opened at $82.90 on Friday. The firm’s 50 day moving average is $81.49 and its two-hundred day moving average is $82.42. Stantec Inc. has a 52 week low of $67.54 and a 52 week high of $88.42. The firm has a market capitalization of $9.46 billion, a P/E ratio of 37.68 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio (DPR) is presently 28.18%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Stantec from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Scotiabank began coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy”.

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.