Pembroke Management LTD Sells 897 Shares of Stantec Inc. (NYSE:STN)

Pembroke Management LTD trimmed its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 11.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,702 shares of the business services provider’s stock after selling 897 shares during the period. Pembroke Management LTD’s holdings in Stantec were worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in shares of Stantec in the second quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stantec during the 2nd quarter valued at $71,000. Blue Trust Inc. boosted its holdings in shares of Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Stantec by 45.9% during the first 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 period. Finally, UniSuper Management Pty Ltd grew 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 valued at $133,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

STN has been the topic of a number of research analyst reports. Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Stantec Trading Up 0.4 %

Shares of Stantec stock opened at $81.49 on Friday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 36.38 and a beta of 1.02. Stantec Inc. has a 52-week low of $61.81 and a 52-week high of $88.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50-day simple moving average is $81.33 and its 200 day simple moving average is $82.27.

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 the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stantec had a net margin of 4.96% and a return on equity of 16.22%. As a group, research analysts anticipate that Stantec Inc. will post 3.07 EPS for the current year.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.152 per share. The ex-dividend date was Friday, September 27th. This represents a $0.61 annualized dividend and a dividend yield of 0.75%. Stantec’s dividend payout ratio is currently 27.68%.

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.