JPMorgan Chase & Co. Purchases 39,671 Shares of Stantec Inc. (NYSE:STN)

JPMorgan Chase & Co. raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 580,736 shares of the business services provider’s stock after acquiring an additional 39,671 shares during the period. JPMorgan Chase & Co.’s holdings in Stantec were worth $45,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased 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 valued at $140,000 after acquiring an additional 764 shares during the last quarter. US Bancorp DE raised its holdings 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 valued at $185,000 after buying an additional 237 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stantec in the 4th quarter worth approximately $212,000. Atria Investments Inc boosted its stake in Stantec by 4.3% in the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after buying an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Stantec by 8.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Stantec Stock Performance

Shares of STN stock opened at $80.31 on Monday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 36.51 and a beta of 1.00. 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 company’s 50-day moving average is $80.78 and its 200 day moving average is $81.40.

Stantec Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.63 annualized dividend and a yield of 0.78%. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is currently 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.