Alliancebernstein L.P. Has $139.23 Million Holdings in Stantec Inc. (NYSE:STN)

Alliancebernstein L.P. raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,774,759 shares of the business services provider’s stock after purchasing an additional 14,332 shares during the period. Alliancebernstein L.P.’s holdings in Stantec were worth $139,230,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Stantec by 78.4% in the fourth quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock valued at $140,000 after buying an additional 764 shares during the period. US Bancorp DE raised its position in shares of Stantec by 11.2% in the 4th 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. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stantec in the 4th quarter valued at about $212,000. Sava Infond d.o.o. bought a new stake in shares of Stantec during the 4th quarter valued at about $275,000. Finally, Atria Investments Inc grew its stake in Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock worth $286,000 after purchasing an additional 151 shares during the period. 63.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James raised Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Stantec Trading Up 1.0 %

NYSE:STN opened at $83.71 on Wednesday. Stantec Inc. has a 12 month low of $73.18 and a 12 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 stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 38.05 and a beta of 1.04. The firm has a fifty day simple moving average of $80.62 and a two-hundred day simple moving average of $81.31.

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 given a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 0.75%. This is a positive change 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%.

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.