XTX Topco Ltd Raises Holdings in Stantec Inc. (NYSE:STN)

XTX Topco Ltd lifted its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 41.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,878 shares of the business services provider’s stock after purchasing an additional 1,715 shares during the quarter. XTX Topco Ltd’s holdings in Stantec were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STN. Vanguard Group Inc. boosted its holdings in shares of Stantec by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,575,078 shares of the business services provider’s stock valued at $358,951,000 after acquiring an additional 74,976 shares during the period. Bank of Montreal Can boosted its stake in Stantec by 9.5% during the 4th quarter. Bank of Montreal Can now owns 3,496,408 shares of the business services provider’s stock worth $273,970,000 after purchasing an additional 302,979 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Stantec by 11.7% during the 4th 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 purchasing an additional 207,470 shares during the last quarter. Alliancebernstein L.P. grew its position in Stantec by 0.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,774,759 shares of the business services provider’s stock worth $139,230,000 after purchasing an additional 14,332 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Stantec by 1.8% in the fourth quarter. National Bank of Canada FI now owns 1,479,729 shares of the business services provider’s stock valued at $116,207,000 after buying an additional 25,999 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Up 0.6 %

NYSE STN opened at $87.32 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $9.96 billion, a P/E ratio of 39.69 and a beta of 1.00. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $90.24. The firm has a 50-day moving average price of $82.41 and a 200 day moving average price of $81.69.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a dividend of $0.1574 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 28th. Stantec’s dividend payout ratio is 26.61%.

Analyst Ratings Changes

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

About Stantec

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.