Ritholtz Wealth Management Grows Stock Position in Stantec Inc. (NYSE:STN)

Ritholtz Wealth Management increased its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,999 shares of the business services provider’s stock after buying an additional 652 shares during the period. Ritholtz Wealth Management’s holdings in Stantec were worth $727,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CIBC World Markets Inc. boosted its position in shares of Stantec by 28.7% in the 1st quarter. CIBC World Markets Inc. now owns 260,655 shares of the business services provider’s stock worth $11,151,000 after buying an additional 58,143 shares in the last quarter. Fiera Capital Corp raised its stake in Stantec by 758.2% in the 1st quarter. Fiera Capital Corp now owns 1,279,569 shares of the business services provider’s stock valued at $54,753,000 after purchasing an additional 1,130,475 shares during the last quarter. Tobam raised its stake in Stantec by 188.4% in the 1st quarter. Tobam now owns 64,130 shares of the business services provider’s stock valued at $2,745,000 after purchasing an additional 41,896 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Stantec in the 1st quarter valued at about $2,857,000. Finally, Banque Cantonale Vaudoise acquired a new position in Stantec in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 60.52% of the company’s stock.

Several research analysts recently weighed in on STN shares. BMO Capital Markets boosted their target price on shares of Stantec from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, February 26th. TD Securities boosted their target price on shares of Stantec from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 26th. Desjardins boosted their target price on shares of Stantec from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 10th. Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 6th. Finally, Zacks Investment Research downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research note on Thursday, April 29th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.38.

STN opened at $44.49 on Friday. The business’s 50 day simple moving average is $45.24. The firm has a market cap of $4.97 billion, a P/E ratio of 36.47 and a beta of 0.90. Stantec Inc. has a 1 year low of $28.10 and a 1 year high of $47.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.59 and a current ratio of 1.59.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, May 5th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.04). The business had revenue of $674.29 million for the quarter, compared to analyst estimates of $741.17 million. Stantec had a return on equity of 12.59% and a net margin of 3.95%. On average, analysts expect that Stantec Inc. will post 1.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be issued a $0.1346 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, June 29th. This is a boost from Stantec’s previous quarterly dividend of $0.13. Stantec’s dividend payout ratio is currently 21.08%.

Stantec Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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