Stantec Inc. (NYSE:STN) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 31.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,456 shares of the business services provider’s stock after selling 97,731 shares during the quarter. Clearbridge Investments LLC owned approximately 0.18% of Stantec worth $17,310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STN. Tobam acquired a new position in Stantec during the 1st quarter worth $153,000. Raymond James Financial Services Advisors Inc. acquired a new position in Stantec in the fourth quarter worth about $214,000. Vestmark Advisory Solutions Inc. acquired a new position in Stantec in the fourth quarter worth about $215,000. Intech Investment Management LLC bought a new stake in Stantec in the first quarter valued at about $233,000. Finally, SG Americas Securities LLC acquired a new stake in Stantec during the first quarter valued at approximately $235,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of STN stock traded down $0.41 on Wednesday, hitting $86.90. 74,546 shares of the stock traded hands, compared to its average volume of 110,126. The company’s fifty day moving average is $82.77 and its 200 day moving average is $82.32. Stantec Inc. has a 1-year low of $59.55 and a 1-year high of $87.69. The company has a market capitalization of $9.91 billion, a PE ratio of 38.14 and a beta of 1.04. 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 (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Stantec had a net margin of 5.19% and a return on equity of 16.51%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $996.81 million. On average, equities research analysts predict that Stantec Inc. will post 3.1 earnings per share for the current fiscal year.

Stantec Cuts Dividend

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