Stantec Inc. (NYSE:STN) Position Reduced by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,225,992 shares of the business services provider’s stock after selling 167,832 shares during the period. Pictet Asset Management Holding SA owned approximately 4.58% of Stantec worth $409,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock worth $140,000 after acquiring an additional 764 shares in the last quarter. US Bancorp DE lifted its stake 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stantec during the fourth quarter worth approximately $212,000. FORA Capital LLC acquired a new stake in shares of Stantec during the 3rd quarter valued at $213,000. Finally, Sava Infond d.o.o. acquired a new stake in Stantec during the fourth quarter valued at $275,000. 63.86% of the stock is owned by institutional investors.

Stantec Trading Down 0.3 %

Shares of STN stock opened at $83.50 on Friday. The business’s 50 day moving average is $80.31 and its two-hundred day moving average is $81.15. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $90.24. The company has a market cap of $9.52 billion, a PE ratio of 37.95 and a beta of 1.04.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is 26.61%.

Wall Street Analyst Weigh In

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

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.