Natixis Sells 27,634 Shares of Stantec Inc. (NYSE:STN)

Natixis lessened its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,839 shares of the business services provider’s stock after selling 27,634 shares during the quarter. Natixis’ holdings in Stantec were worth $12,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its position in Stantec by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 171,988 shares of the business services provider’s stock valued at $14,268,000 after acquiring an additional 925 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Stantec by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Stantec by 33.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 76,772 shares of the business services provider’s stock valued at $6,375,000 after acquiring an additional 19,407 shares in the last quarter. Acadian Asset Management LLC boosted its position in Stantec by 488.2% during the 1st quarter. Acadian Asset Management LLC now owns 20,000 shares of the business services provider’s stock valued at $1,659,000 after acquiring an additional 16,600 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Stantec by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock valued at $360,773,000 after acquiring an additional 133,687 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 1.9 %

NYSE STN traded down $1.62 during midday trading on Thursday, hitting $85.23. 78,792 shares of the company traded hands, compared to its average volume of 109,905. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $9.72 billion, a PE ratio of 37.72 and a beta of 1.04. The company’s 50-day simple moving average is $82.87 and its 200-day simple moving average is $82.35. Stantec Inc. has a 52 week low of $59.55 and a 52 week high of $87.69.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $996.81 million. Stantec had a return on equity of 16.51% and a net margin of 5.19%. As a group, equities research analysts forecast that Stantec Inc. will post 3.1 earnings per share for the current year.

Stantec Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.152 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.71%. Stantec’s payout ratio is 27.07%.

Stantec Company 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.