606 Shares in Stantec Inc. (NYSE:STN) Purchased by Triad Wealth Partners LLC

Triad Wealth Partners LLC bought a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 606 shares of the business services provider’s stock, valued at approximately $51,000.

A number of other large investors have also recently bought and sold shares of STN. EverSource Wealth Advisors LLC boosted its holdings in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Stantec by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after acquiring an additional 800 shares in the last quarter. Tobam acquired a new stake in Stantec in the first quarter valued at $153,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stantec in the 4th quarter valued at about $214,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Stantec during the 4th quarter worth about $215,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Stantec Stock Performance

Shares of STN stock traded up $0.25 during midday trading on Friday, hitting $82.68. 85,438 shares of the company were exchanged, compared to its average volume of 109,671. Stantec Inc. has a 52 week low of $59.55 and a 52 week high of $88.42. The firm has a market capitalization of $9.43 billion, a P/E ratio of 36.10 and a beta of 1.04. The firm’s 50 day moving average price is $83.83 and its two-hundred day moving average price is $82.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39.

Stantec Announces Dividend

The company also recently disclosed 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 0.74%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio is presently 26.20%.

About Stantec

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.