K.J. Harrison & Partners Inc acquired a new stake in shares of Stantec Inc. (NYSE:STN) during the second quarter, Holdings Channel reports. The institutional investor acquired 52,800 shares of the company’s stock, valued at approximately $1,272,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STN. Bank of Nova Scotia Trust Co. increased its position in Stantec by 3.4% in the first quarter. Bank of Nova Scotia Trust Co. now owns 9,561 shares of the company’s stock valued at $242,000 after buying an additional 315 shares during the period. 1st Global Advisors Inc. increased its position in Stantec by 3.9% in the second quarter. 1st Global Advisors Inc. now owns 10,435 shares of the company’s stock valued at $253,000 after buying an additional 393 shares during the period. OLD National Bancorp IN increased its position in Stantec by 4.7% in the first quarter. OLD National Bancorp IN now owns 10,074 shares of the company’s stock valued at $255,000 after buying an additional 448 shares during the period. Legal & General Group Plc increased its position in Stantec by 8.7% in the first quarter. Legal & General Group Plc now owns 6,280 shares of the company’s stock valued at $160,000 after buying an additional 500 shares during the period. Finally, Renaissance Technologies LLC increased its position in Stantec by 3.5% in the first quarter. Renaissance Technologies LLC now owns 136,100 shares of the company’s stock valued at $3,451,000 after buying an additional 4,600 shares during the period. 54.10% of the stock is owned by institutional investors and hedge funds.

Stantec Inc. (NYSE:STN) traded up 0.68% during mid-day trading on Thursday, reaching $23.67. 25,655 shares of the company were exchanged. The company has a 50 day moving average of $23.41 and a 200-day moving average of $24.63. Stantec Inc. has a 1-year low of $20.71 and a 1-year high of $26.87. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 23.93 and a beta of 1.36.

Stantec (NYSE:STN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The company earned $1.05 billion during the quarter, compared to the consensus estimate of $591.70 million. Stantec had a net margin of 3.88% and a return on equity of 10.55%. On average, equities research analysts forecast that Stantec Inc. will post $1.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be given a dividend of $0.0863 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.35 dividend on an annualized basis and a yield of 1.46%. Stantec’s payout ratio is currently 34.34%.

Several research analysts have commented on the stock. Zacks Investment Research raised 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 Wednesday, July 13th. Desjardins cut shares of Stantec from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. Canaccord Genuity restated a “hold” rating on shares of Stantec in a research report on Friday, June 3rd. TD Securities restated a “hold” rating and set a $35.00 target price (down from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Finally, Scotiabank cut shares of Stantec from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.50.

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 segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

5 Day Chart for NYSE:STN

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