Jupiter Asset Management Ltd. Acquires 9,480 Shares of Stantec Inc. (NYSE:STN)

Jupiter Asset Management Ltd. raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,793 shares of the business services provider’s stock after purchasing an additional 9,480 shares during the period. Jupiter Asset Management Ltd. owned 0.28% of Stantec worth $26,077,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its position in shares of Stantec by 1.1% during the fourth quarter. Neuberger Berman Group LLC now owns 25,290 shares of the business services provider’s stock worth $2,040,000 after acquiring an additional 283 shares in the last quarter. Pembroke Management LTD lifted its holdings in Stantec by 4.7% during the 1st quarter. Pembroke Management LTD now owns 7,599 shares of the business services provider’s stock worth $631,000 after purchasing an additional 342 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Stantec by 8.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,035 shares of the business services provider’s stock worth $833,000 after purchasing an additional 779 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Stantec by 1.2% in the 4th quarter. 1832 Asset Management L.P. now owns 102,971 shares of the business services provider’s stock worth $8,257,000 after purchasing an additional 1,258 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Stantec by 7.7% during the 4th quarter. Ritholtz Wealth Management now owns 23,910 shares of the business services provider’s stock valued at $1,917,000 after buying an additional 1,702 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Price Performance

Shares of Stantec stock traded down $0.99 on Friday, reaching $85.34. The stock had a trading volume of 49,534 shares, compared to its average volume of 102,130. The business’s 50 day moving average is $82.58 and its two-hundred day moving average is $82.17. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. Stantec Inc. has a 1 year low of $59.55 and a 1 year high of $87.53. The company has a market cap of $9.73 billion, a P/E ratio of 37.27 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. Stantec had a return on equity of 16.51% and a net margin of 5.19%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $996.81 million. As a group, research analysts anticipate that Stantec Inc. will post 3.1 EPS for the current year.

Stantec Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, June 28th. Stantec’s dividend payout ratio (DPR) is presently 27.07%.

Stantec Profile

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.