Dimensional Fund Advisors LP Has $2.65 Million Stake in Stantec Inc. (STN)
Dimensional Fund Advisors LP increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 5.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 102,219 shares of the business services provider’s stock after buying an additional 5,114 shares during the period. Dimensional Fund Advisors LP owned about 0.09% of Stantec worth $2,653,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Stantec during the first quarter worth approximately $248,000. State of Wisconsin Investment Board purchased a new position in shares of Stantec during the first quarter worth $342,000. Bank of New York Mellon Corp raised its position in shares of Stantec by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the last quarter. Tobam raised its position in shares of Stantec by 66.3% in the first quarter. Tobam now owns 46,400 shares of the business services provider’s stock worth $1,201,000 after buying an additional 18,500 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Stantec by 1.0% in the first quarter. Swiss National Bank now owns 190,570 shares of the business services provider’s stock worth $4,945,000 after buying an additional 1,800 shares during the last quarter. 56.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stantec Inc. (NYSE STN) traded up 0.90% during trading on Friday, reaching $28.05. 14,663 shares of the company were exchanged. Stantec Inc. has a 1-year low of $21.50 and a 1-year high of $28.05. The firm has a market capitalization of $3.19 billion, a PE ratio of 34.25 and a beta of 1.62. The company’s 50-day moving average is $25.96 and its 200 day moving average is $25.33.
Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. Stantec had a net margin of 2.31% and a return on equity of 10.67%. Stantec’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Equities research analysts expect that Stantec Inc. will post $1.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.44%. This is an increase from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. Stantec’s dividend payout ratio (DPR) is 47.44%.
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A number of equities analysts recently weighed in on STN shares. Desjardins upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Friday, May 12th. BidaskClub upgraded shares of Stantec from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, July 13th. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stantec presently has a consensus rating of “Hold” and a consensus price target of $32.20.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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