Signaturefd LLC Increases Position in Stantec Inc. (NYSE:STN)

Signaturefd LLC lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,041 shares of the business services provider’s stock after acquiring an additional 175 shares during the quarter. Signaturefd LLC’s holdings in Stantec were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STN. Swiss National Bank increased its position in shares of Stantec by 0.8% during the 3rd quarter. Swiss National Bank now owns 344,970 shares of the business services provider’s stock valued at $27,786,000 after purchasing an additional 2,700 shares during the last quarter. Caprock Group LLC increased its holdings in Stantec by 5.6% during the third quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after buying an additional 585 shares during the last quarter. Advisors Asset Management Inc. raised its position in Stantec by 4.8% in the third quarter. Advisors Asset Management Inc. now owns 42,310 shares of the business services provider’s stock worth $3,402,000 after acquiring an additional 1,926 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Stantec in the third quarter valued at about $655,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Stantec by 121.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after acquiring an additional 1,536,475 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Stantec Trading Down 1.9 %

Shares of Stantec stock opened at $82.05 on Friday. The stock has a market capitalization of $9.36 billion, a P/E ratio of 37.30 and a beta of 1.04. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50-day simple moving average is $79.78 and its 200 day simple moving average is $81.04.

Stantec Increases Dividend

The firm 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 $0.1574 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.63 annualized dividend and a dividend yield of 0.77%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is 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.