National Bank of Canada FI Lowers Position in Stantec Inc. (NYSE:STN)

National Bank of Canada FI trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 846,638 shares of the business services provider’s stock after selling 37,114 shares during the quarter. National Bank of Canada FI owned about 0.74% of Stantec worth $68,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Stantec by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,151,060 shares of the business services provider’s stock worth $269,279,000 after buying an additional 59,589 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Stantec during the fourth quarter valued at approximately $214,000. Ritholtz Wealth Management raised its stake in shares of Stantec by 7.7% during the fourth quarter. Ritholtz Wealth Management now owns 23,910 shares of the business services provider’s stock worth $1,917,000 after acquiring an additional 1,702 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Stantec by 0.8% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 240,142 shares of the business services provider’s stock valued at $19,343,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in shares of Stantec by 29.7% during the 4th quarter. Calamos Wealth Management LLC now owns 26,591 shares of the business services provider’s stock valued at $2,132,000 after purchasing an additional 6,086 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Down 0.5 %

Stantec stock traded down $0.41 during mid-day trading on Wednesday, hitting $86.90. The company’s stock had a trading volume of 74,546 shares, compared to its average volume of 110,126. The business has a 50 day moving average price of $82.77 and a 200-day moving average price of $82.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. Stantec Inc. has a 12 month low of $59.55 and a 12 month high of $87.69. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 37.95 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Stantec had a return on equity of 16.51% and a net margin of 5.19%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $996.81 million. As a group, analysts forecast that Stantec Inc. will post 3.1 EPS for the current year.

Stantec Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.152 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.61 annualized dividend and a dividend yield of 0.70%. Stantec’s payout ratio is presently 26.64%.

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.