Gitterman Wealth Management LLC Has $301,000 Stake in Stantec Inc. (NYSE:STN)

Gitterman Wealth Management LLC decreased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,756 shares of the business services provider’s stock after selling 705 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Stantec were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stantec in the 3rd quarter valued at $26,000. UniSuper Management Pty Ltd acquired a new stake in Stantec in the 3rd quarter valued at $52,000. Raymond James Financial Services Advisors Inc. bought a new position in Stantec in the 4th quarter valued at $214,000. Quantbot Technologies LP raised its position in Stantec by 456.3% in the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 2,236 shares during the last quarter. Finally, First Affirmative Financial Network raised its position in Stantec by 4.2% in the 4th quarter. First Affirmative Financial Network now owns 3,784 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

Separately, Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Stantec Trading Up 0.4 %

Shares of STN stock traded up $0.34 on Friday, reaching $81.84. 133,838 shares of the stock were exchanged, compared to its average volume of 104,601. The stock has a market cap of $9.34 billion, a PE ratio of 37.20 and a beta of 1.04. Stantec Inc. has a one year low of $56.49 and a one year high of $87.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50 day moving average price of $82.74 and a 200 day moving average price of $77.04.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $912.51 million for the quarter, compared to the consensus estimate of $891.12 million. Stantec had a return on equity of 16.50% and a net margin of 5.11%. Equities research analysts forecast that Stantec Inc. will post 3.13 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.1548 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Stantec’s previous quarterly dividend of $0.14. Stantec’s payout ratio is presently 26.36%.

Stantec Company 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.