Zurcher Kantonalbank Zurich Cantonalbank Has $31.06 Million Holdings in Stantec Inc. (NYSE:STN)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,941 shares of the business services provider’s stock after selling 34,889 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.34% of Stantec worth $31,056,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stantec during the third quarter valued at approximately $26,000. Advisor Group Holdings Inc. acquired a new stake in shares of Stantec during the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its holdings in shares of Stantec by 137.2% during the second quarter. PNC Financial Services Group Inc. now owns 759 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 439 shares during the period. US Bancorp DE raised its holdings in shares of Stantec by 144.4% during the first quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 452 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Stantec during the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on STN shares. Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. StockNews.com downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Stantec Stock Performance

Shares of STN opened at $80.04 on Wednesday. Stantec Inc. has a 52 week low of $56.49 and a 52 week high of $87.53. The company’s 50 day moving average price is $82.98 and its 200 day moving average price is $76.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $9.13 billion, a PE ratio of 36.37 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Stantec had a return on equity of 16.50% and a net margin of 5.11%. The firm had revenue of $912.51 million for the quarter, compared to the consensus estimate of $891.12 million. Research analysts expect that Stantec Inc. will post 3.15 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.1548 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.62 annualized dividend and a yield of 0.77%. Stantec’s dividend payout ratio (DPR) 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.