BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 10,220 Shares of Stantec Inc. (NYSE:STN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 13.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,204 shares of the business services provider’s stock after selling 10,220 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Stantec worth $5,376,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of STN. Vanguard Group Inc. lifted its holdings in shares of Stantec by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after acquiring an additional 133,687 shares during the last quarter. Bank of Montreal Can lifted its stake in Stantec by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock valued at $265,177,000 after purchasing an additional 415,993 shares during the last quarter. TD Asset Management Inc boosted its position in Stantec by 0.7% in the fourth quarter. TD Asset Management Inc now owns 1,252,366 shares of the business services provider’s stock valued at $101,036,000 after buying an additional 8,860 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Stantec by 11.1% during the second quarter. National Bank of Canada FI now owns 940,461 shares of the business services provider’s stock worth $77,860,000 after buying an additional 93,823 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Stantec by 86.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock worth $75,897,000 after buying an additional 422,538 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

Stantec Stock Up 0.2 %

Shares of NYSE STN opened at $80.94 on Friday. Stantec Inc. has a 1 year low of $59.55 and a 1 year high of $88.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $9.23 billion, a PE ratio of 35.35 and a beta of 1.02. The company has a 50 day simple moving average of $82.21 and a 200 day simple moving average of $82.42.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Stantec had a net margin of 4.96% and a return on equity of 16.22%. On average, research analysts forecast that Stantec Inc. will post 3.07 EPS for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.152 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.75%. Stantec’s dividend payout ratio (DPR) is 27.07%.

Stantec 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.