Advisors Asset Management Inc. Acquires 2,562 Shares of Stantec Inc. (NYSE:STN)

Advisors Asset Management Inc. boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,145 shares of the business services provider’s stock after acquiring an additional 2,562 shares during the period. Advisors Asset Management Inc.’s holdings in Stantec were worth $3,085,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of STN. Capstone Investment Advisors LLC bought a new position in shares of Stantec during the first quarter valued at $810,000. Vanguard Group Inc. increased its stake in Stantec by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,151,060 shares of the business services provider’s stock valued at $269,279,000 after purchasing an additional 59,589 shares in the last quarter. Trexquant Investment LP purchased a new position in Stantec in the fourth quarter worth about $1,363,000. Clearbridge Investments LLC purchased a new position in Stantec in the fourth quarter worth about $24,553,000. Finally, Jennison Associates LLC lifted its stake in shares of Stantec by 82.6% in the first quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider’s stock worth $7,662,000 after buying an additional 41,724 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 0.9 %

Shares of STN traded up $0.79 on Friday, hitting $86.03. 76,047 shares of the stock traded hands, compared to its average volume of 79,464. Stantec Inc. has a one year low of $59.55 and a one year high of $87.69. The company has a market capitalization of $9.81 billion, a PE ratio of 37.57 and a beta of 1.04. The business has a 50 day simple moving average of $83.10 and a 200 day simple moving average of $82.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.34.

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

Stantec Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid 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 dividend payout ratio is presently 27.07%.

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.