Quantinno Capital Management LP Buys 2,081 Shares of Stantec Inc. (NYSE:STN)

Quantinno Capital Management LP boosted its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,325 shares of the business services provider’s stock after acquiring an additional 2,081 shares during the period. Quantinno Capital Management LP’s holdings in Stantec were worth $888,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STN. Tower Research Capital LLC TRC lifted its stake in Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider’s stock valued at $39,000 after buying an additional 424 shares during the period. Blue Trust Inc. lifted its stake 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. Natixis lifted its stake in Stantec by 114.8% in the fourth quarter. Natixis now owns 1,781 shares of the business services provider’s stock valued at $140,000 after buying an additional 952 shares during the period. US Bancorp DE lifted its stake in Stantec by 11.2% in the fourth quarter. US Bancorp DE now owns 2,359 shares of the business services provider’s stock valued at $185,000 after buying an additional 237 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in Stantec in the fourth quarter valued at approximately $205,000. 63.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STN. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Wednesday, May 7th. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 26th. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. TD Securities restated a “buy” rating on shares of Stantec in a report on Friday, May 16th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Stantec in a report on Friday, May 16th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Stantec Trading Up 1.2%

Shares of Stantec stock opened at $101.94 on Friday. The stock has a fifty day simple moving average of $88.46 and a 200 day simple moving average of $83.51. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $103.32. The company has a market capitalization of $11.63 billion, a P/E ratio of 46.34 and a beta of 0.98. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a return on equity of 16.57% and a net margin of 4.78%. On average, sell-side analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.1612 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Monday, June 30th. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is currently 25.62%.

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.