Barclays PLC Has $3.29 Million Position in Stantec Inc. (NYSE:STN)

Barclays PLC raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,931 shares of the business services provider’s stock after buying an additional 10,930 shares during the period. Barclays PLC’s holdings in Stantec were worth $3,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Scotia Capital Inc. increased its stake in shares of Stantec by 6.8% during the 4th quarter. Scotia Capital Inc. now owns 154,860 shares of the business services provider’s stock worth $12,066,000 after purchasing an additional 9,851 shares during the last quarter. ELCO Management Co. LLC acquired a new position in shares of Stantec during the 4th quarter worth about $524,000. APG Asset Management N.V. acquired a new position in shares of Stantec during the 4th quarter worth about $4,180,000. Bank of Nova Scotia increased its stake in shares of Stantec by 2.6% during the 4th quarter. Bank of Nova Scotia now owns 169,048 shares of the business services provider’s stock worth $13,261,000 after purchasing an additional 4,324 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of 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 last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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, Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Buy”.

Stantec Stock Up 0.4 %

Shares of STN opened at $87.44 on Tuesday. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $90.24. The firm has a market cap of $9.97 billion, a P/E ratio of 39.75 and a beta of 1.00. The firm’s 50-day simple moving average is $83.53 and its 200 day simple moving average is $81.84. 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 Increases Dividend

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

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.