Stantec Inc. (NYSE:STN) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lessened its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 15.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,097 shares of the business services provider’s stock after selling 39,481 shares during the period. Duff & Phelps Investment Management Co. owned 0.19% of Stantec worth $16,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STN. Canoe Financial LP lifted its position in shares of Stantec by 1,011.1% in the fourth quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock valued at $6,567,000 after acquiring an additional 76,217 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Stantec by 198.4% in the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after buying an additional 251,407 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Stantec by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $293,000 after buying an additional 300 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Stantec during the third quarter worth about $479,000. Finally, Quantbot Technologies LP grew its stake in Stantec by 98.1% during the 3rd quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock valued at $1,594,000 after acquiring an additional 9,814 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Stantec Stock Down 0.3 %

NYSE STN opened at $83.50 on Friday. The business’s fifty day simple moving average is $80.31 and its 200-day simple moving average is $81.15. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $9.52 billion, a PE ratio of 37.95 and a beta of 1.04. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 annualized dividend and a yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec’s payout ratio is presently 26.61%.

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.