UniSuper Management Pty Ltd Decreases Holdings in Stantec Inc. (NYSE:STN)

UniSuper Management Pty Ltd reduced its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 29.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,200 shares of the business services provider’s stock after selling 900 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Stantec were worth $173,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in STN. Stifel Financial Corp grew its position in shares of Stantec by 3.1% during the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 126 shares during the period. Atria Investments Inc lifted its position in shares of Stantec by 4.3% during the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after buying an additional 151 shares during the last quarter. Signaturefd LLC grew its stake in shares of Stantec by 4.5% during the 4th quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock worth $317,000 after acquiring an additional 175 shares during the period. US Bancorp DE increased its holdings in Stantec by 11.2% in the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after acquiring an additional 237 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 300 shares during the period. Institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Buy”.

Stantec Price Performance

Stantec stock opened at $82.95 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The firm has a market capitalization of $9.46 billion, a P/E ratio of 37.70 and a beta of 1.04. The business has a fifty day moving average price of $80.51 and a 200-day moving average price of $81.27.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1574 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a dividend yield of 0.76%. Stantec’s dividend payout ratio is currently 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.