Zurcher Kantonalbank Zurich Cantonalbank Sells 34,889 Shares of Stantec Inc. (NYSE:STN)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 384,941 shares of the business services provider’s stock after selling 34,889 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stantec were worth $31,056,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stantec in the third quarter valued at about $26,000. Advisor Group Holdings Inc. bought a new stake in shares of Stantec in the fourth quarter valued at about $26,000. PNC Financial Services Group Inc. boosted its position in shares of Stantec by 137.2% in the second quarter. PNC Financial Services Group Inc. now owns 759 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 439 shares during the period. US Bancorp DE boosted its position in shares of Stantec by 144.4% in the first quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 452 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Stantec in the third quarter valued at about $52,000. Institutional investors own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 23rd. Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.00.

Stantec Trading Up 0.5 %

STN opened at $80.04 on Wednesday. Stantec Inc. has a twelve month low of $56.49 and a twelve month high of $87.53. The company has a 50-day simple moving average of $82.98 and a 200 day simple moving average of $76.27. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 36.37 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Stantec had a return on equity of 16.50% and a net margin of 5.11%. The firm had revenue of $912.51 million for the quarter, compared to the consensus estimate of $891.12 million. Analysts predict that Stantec Inc. will post 3.15 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.1548 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Stantec’s previous quarterly dividend of $0.14. Stantec’s dividend payout ratio is 26.36%.

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.