Advisors Asset Management Inc. Buys 1,926 Shares of Stantec Inc. (NYSE:STN)

Advisors Asset Management Inc. lifted its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,310 shares of the business services provider’s stock after purchasing an additional 1,926 shares during the quarter. Advisors Asset Management Inc.’s holdings in Stantec were worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STN. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Stantec by 900.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,000 shares of the business services provider’s stock worth $330,000 after buying an additional 3,600 shares in the last quarter. Vanguard Group Inc. grew its stake in Stantec by 3.2% during the first 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. UniSuper Management Pty Ltd increased its holdings 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 worth $133,000 after acquiring an additional 800 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after purchasing an additional 326 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Stantec in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on STN shares. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank began coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stantec currently has an average rating of “Moderate Buy”.

Stantec Trading Down 0.1 %

Shares of STN stock opened at $85.92 on Friday. 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 firm has a market cap of $9.80 billion, a P/E ratio of 39.05 and a beta of 1.02. The business has a 50-day moving average price of $82.09 and a two-hundred day moving average price of $82.48. Stantec Inc. has a 12-month low of $69.30 and a 12-month high of $88.42.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.155 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 annualized dividend and a yield of 0.72%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio is currently 28.18%.

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.