Swiss National Bank Stantec Inc. in the second quarter. (NYSE: STN – RECEIVE Ratings) (TSE: STN) by 0.3%, as per the company’s most recent Form 13F filing with the SEC. The fund held 263,770 shares of the business services provider’s stock after selling 800 shares during the quarter. Swiss National Bank’s holdings in Stantec at the end of the most recent reporting period were $11,534,000.
Several other hedge funds and other institutional investors also made changes to their positions in the stock recently. US Bancorp DE raised its stake in Stantec to 144.4% during the first quarter. US Bancorp DE now owns 765 shares of the business services provider worth $38,000 after acquiring an additional 452 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Stantec valued at $49,000 during the second quarter. Advisors Asset Management Inc. raised its stake in Stantec to 189.4% during the first quarter. After acquiring an additional 2,978 shares during the last quarter, Advisors Asset Management Inc. The business now owns 4,550 shares of the service provider valued at $228,000. Gitterman Wealth Management LLC acquired a new stake in Stantec during the second quarter valued at $313,000. Finally, Great West Life Assurance Company may have increased its stake in Stantec by 9.8% during the first quarter. Great West Life Assurance Company can now own 6,817 shares of the business services provider’s stock valued at $364,000 after acquiring an additional 610 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.
Analysts set new price targets
Several research firms have issued reports on STN. StockNews.com began coverage on Stantec in a research note on Wednesday, October 12. They set a “Buy” rating for the company. Atb Cap Markets upgraded Stantec from “Sector Perform” rating to “Outperform” rating in a research note on Thursday, August 11. The Street cut Stantec to a “C+” rating from a “B” rating in a research note on Tuesday, October 11. Scotiabank raised its price objective on Stantec from C$74.00 to C$80.00 in a research note on Friday, November 11. Finally, BMO Capital Markets raised its price objective on Stantec from C$75.00 to C$76.00 in a research note on Monday, November 14. One equity research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $76.75, according to data from MarketBeat.com.
Stantec Trading up 0.3%
NYSE:STN opened Friday at $49.68. The firm has a market cap of $5.50 billion, a PE ratio of 37.07, and a beta of 0.95. The fifty-day moving average price of the stock is $47.27 and the 200-day moving average price is $46.41. Stantec Inc. The 12-month low is $40.92 and the 12-month high is $57.79. The company’s current ratio is 1.52, quick ratio is 1.54 and debt-to-equity ratio is 0.61.
Stantec Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. A dividend of $0.132 per share will be issued to shareholders of record on Friday, December 30. This represents a $0.53 dividend and a yield of 1.06% on an annualized basis. The ex-dividend date for this dividend is Thursday, December 29. Stantech’s Dividend Payout Ratio (DPR) stands at 41.04%.
Stantec Inc. provides engineering, architectural and environmental consulting services in the infrastructure and facilities sectors in Canada, the United States and internationally. The company provides consultancy services in engineering, architecture, interior design, landscape architecture, surveying, environmental science, project management and project economics.
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