Stantec Inc. (STN) Shares Sold by Fmr LLC

Fmr LLC lessened its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 57.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,968,011 shares of the business services provider’s stock after selling 2,665,136 shares during the period. Fmr LLC’s holdings in Stantec were worth $50,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of Stantec by 27.1% during the 2nd quarter. CIBC Asset Management Inc now owns 61,610 shares of the business services provider’s stock valued at $1,585,000 after acquiring an additional 13,151 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Stantec by 4.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,340,580 shares of the business services provider’s stock valued at $34,421,000 after acquiring an additional 51,728 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Stantec by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 211,323 shares of the business services provider’s stock valued at $5,420,000 after acquiring an additional 2,389 shares in the last quarter. Nicola Wealth Management LTD. acquired a new stake in shares of Stantec during the 2nd quarter valued at about $1,961,000. Finally, Toronto Dominion Bank boosted its position in shares of Stantec by 2.5% during the 2nd quarter. Toronto Dominion Bank now owns 154,730 shares of the business services provider’s stock valued at $4,053,000 after acquiring an additional 3,829 shares in the last quarter. Institutional investors and hedge funds own 58.34% of the company’s stock.

Several brokerages have recently weighed in on STN. TheStreet upgraded shares of Stantec from a “c+” rating to a “b-” rating in a research report on Monday, July 2nd. CIBC lowered shares of Stantec from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, July 5th. ValuEngine upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Four analysts have rated the stock with a hold rating, Stantec presently has a consensus rating of “Hold” and an average target price of $34.50.

Shares of Stantec stock opened at $25.45 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. Stantec Inc. has a twelve month low of $24.05 and a twelve month high of $29.25. The stock has a market cap of $2.93 billion, a PE ratio of 18.71 and a beta of 1.61.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The firm had revenue of $703.54 million during the quarter, compared to analyst estimates of $705.24 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%. research analysts forecast that Stantec Inc. will post 1.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be given a $0.106 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.42 dividend on an annualized basis and a yield of 1.67%. Stantec’s dividend payout ratio (DPR) is presently 30.88%.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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