O Shaughnessy Asset Management LLC Sells 3,535 Shares of Stantec Inc. (NYSE:STN)

O Shaughnessy Asset Management LLC lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,968 shares of the business services provider’s stock after selling 3,535 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of Stantec worth $5,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Stantec by 3.1% during the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 126 shares during the last quarter. Atria Investments Inc grew its position in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 151 shares during the last quarter. Signaturefd LLC grew its position in Stantec by 4.5% during the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 175 shares during the last quarter. US Bancorp DE raised its stake in shares of Stantec by 11.2% during the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock worth $185,000 after acquiring an additional 237 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Stantec by 8.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider’s stock worth $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.

Analyst Ratings Changes

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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Stantec Price Performance

Shares of Stantec stock opened at $83.71 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. Stantec Inc. has a one year low of $73.18 and a one year high of $90.24. The business’s 50 day simple moving average is $80.62 and its two-hundred day simple moving average is $81.31. The stock has a market capitalization of $9.55 billion, a P/E ratio of 38.05 and a beta of 1.04.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.1574 dividend. This represents a $0.63 annualized dividend and a dividend yield of 0.75%. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s payout ratio is presently 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.