ExodusPoint Capital Management LP Sells 12,614 Shares of Stantec Inc. (NYSE:STN)

ExodusPoint Capital Management LP cut its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 75.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the business services provider’s stock after selling 12,614 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Stantec were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its stake 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 purchasing an additional 764 shares in the last quarter. US Bancorp DE grew its position in shares of Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after buying an additional 237 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stantec during the 4th quarter worth $212,000. Sava Infond d.o.o. purchased a new position in shares of Stantec during the fourth quarter valued at $275,000. Finally, Atria Investments Inc raised its holdings in shares of Stantec by 4.3% in the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 151 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Performance

STN stock opened at $85.31 on Monday. The firm has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $81.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 38.78 and a beta of 1.00.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.1574 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.63 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, March 28th. Stantec’s payout ratio is currently 26.61%.

Analyst Ratings Changes

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

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.