Fiera Capital Corp Has $210.49 Million Stake in Stantec Inc. (NYSE:STN)

Fiera Capital Corp lowered its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,513,266 shares of the business services provider’s stock after selling 58,687 shares during the period. Fiera Capital Corp owned about 2.20% of Stantec worth $210,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Stantec by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock valued at $360,773,000 after acquiring an additional 133,687 shares in the last quarter. Norges Bank bought a new position in Stantec in the fourth quarter valued at approximately $109,514,000. TD Asset Management Inc increased its position in shares of Stantec by 0.7% during the 4th quarter. TD Asset Management Inc now owns 1,252,366 shares of the business services provider’s stock worth $101,036,000 after purchasing an additional 8,860 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Stantec by 64.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 528,059 shares of the business services provider’s stock worth $42,345,000 after purchasing an additional 206,421 shares in the last quarter. Finally, Guardian Capital LP raised its stake in shares of Stantec by 0.3% during the 1st quarter. Guardian Capital LP now owns 417,713 shares of the business services provider’s stock worth $34,713,000 after purchasing an additional 1,432 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Trading Down 0.9 %

Stantec stock opened at $81.99 on Tuesday. The stock has a 50-day simple moving average of $84.12 and a 200 day simple moving average of $82.91. The stock has a market capitalization of $9.35 billion, a P/E ratio of 35.80 and a beta of 1.04. 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 Inc. has a 52 week low of $59.55 and a 52 week high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Analysts expect that Stantec Inc. will post 3.07 earnings per share for the current year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s payout ratio is 27.07%.

Analyst Ratings Changes

Separately, Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.