Stantec Inc. (NYSE:STN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 77.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,261 shares of the business services provider’s stock after selling 14,240 shares during the period. Jane Street Group LLC’s holdings in Stantec were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of STN. Acadian Asset Management LLC raised its stake in Stantec by 370.0% during the second quarter. Acadian Asset Management LLC now owns 94,000 shares of the business services provider’s stock worth $7,865,000 after acquiring an additional 74,000 shares during the period. Caprock Group LLC acquired a new stake in shares of Stantec in the second quarter valued at approximately $879,000. Jupiter Asset Management Ltd. increased its stake in shares of Stantec by 8.6% in the second quarter. Jupiter Asset Management Ltd. now owns 340,812 shares of the business services provider’s stock valued at $28,526,000 after purchasing an additional 27,019 shares during the period. Forsta AP Fonden increased its stake in shares of Stantec by 145.3% in the second quarter. Forsta AP Fonden now owns 36,800 shares of the business services provider’s stock valued at $3,080,000 after purchasing an additional 21,800 shares during the period. Finally, Achmea Investment Management B.V. increased its stake in shares of Stantec by 3.3% in the second quarter. Achmea Investment Management B.V. now owns 82,071 shares of the business services provider’s stock valued at $6,869,000 after purchasing an additional 2,620 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STN shares. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Stantec Price Performance

NYSE STN opened at $76.87 on Thursday. Stantec Inc. has a 12 month low of $76.03 and a 12 month high of $88.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $8.77 billion, a PE ratio of 34.94 and a beta of 1.01. The company’s 50 day simple moving average is $82.53 and its 200 day simple moving average is $82.68.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio (DPR) 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.