Alliancebernstein L.P. Has $139.23 Million Stock Position in Stantec Inc. (NYSE:STN)

Alliancebernstein L.P. boosted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,774,759 shares of the business services provider’s stock after buying an additional 14,332 shares during the quarter. Alliancebernstein L.P. owned approximately 1.56% of Stantec worth $139,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STN. Norges Bank acquired a new stake in shares of Stantec in the 4th quarter valued at approximately $110,221,000. National Bank of Canada FI boosted its position in Stantec by 54.6% in the third quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after buying an additional 513,269 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Stantec by 198.4% during the third quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock worth $30,405,000 after buying an additional 251,407 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Stantec by 11.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,983,637 shares of the business services provider’s stock worth $155,433,000 after buying an additional 207,470 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Stantec by 90.5% in the 4th quarter. Clearbridge Investments LLC now owns 373,983 shares of the business services provider’s stock valued at $29,339,000 after acquiring an additional 177,692 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Stantec Stock Up 1.0 %

NYSE:STN opened at $83.71 on Wednesday. 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’s 50 day simple moving average is $80.62 and its 200 day simple moving average is $81.31. The company has a market cap of $9.55 billion, a PE ratio of 38.05 and a beta of 1.04.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.1574 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 0.75%. Stantec’s payout ratio is currently 26.61%.

Stantec Company 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.