Stantec Inc. (NYSE:STN) Stock Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,657 shares of the business services provider’s stock after buying an additional 955 shares during the period. Avantax Advisory Services Inc.’s holdings in Stantec were worth $1,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STN. Swiss National Bank grew its position in Stantec by 0.8% in the 3rd quarter. Swiss National Bank now owns 344,970 shares of the business services provider’s stock valued at $27,786,000 after buying an additional 2,700 shares in the last quarter. Caprock Group LLC grew its position in Stantec by 5.6% in the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock valued at $894,000 after buying an additional 585 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Stantec by 2.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after acquiring an additional 48,009 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Stantec by 4.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 42,310 shares of the business services provider’s stock valued at $3,402,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Stantec in the 3rd quarter valued at about $655,000. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE STN opened at $82.51 on Wednesday. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $90.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 37.50 and a beta of 1.04. The firm has a 50-day moving average of $79.39 and a two-hundred day moving average of $81.00.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 0.76%. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 28th. Stantec’s dividend payout ratio is presently 26.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.