Investors Research Corp purchased a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 18,200 shares of the business services provider’s stock, valued at approximately $509,000.

Several other institutional investors have also bought and sold shares of STN. Global X Management Co. LLC increased its holdings in shares of Stantec by 75.3% in the 4th quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock worth $222,000 after buying an additional 3,416 shares during the last quarter. ARP Americas LP bought a new stake in shares of Stantec in the 4th quarter worth about $247,000. Trexquant Investment LP bought a new stake in shares of Stantec in the 3rd quarter worth about $272,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Stantec in the 3rd quarter worth about $313,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Stantec in the 3rd quarter worth about $364,000. Hedge funds and other institutional investors own 55.30% of the company’s stock.

Shares of Stantec Inc. (NYSE:STN) opened at $25.05 on Friday. Stantec Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $29.25. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2,854.31, a PE ratio of 38.54 and a beta of 1.65.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, February 22nd. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). Stantec had a return on equity of 10.72% and a net margin of 1.88%. The business had revenue of $805.00 million during the quarter, compared to the consensus estimate of $854.21 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts anticipate that Stantec Inc. will post 1.55 earnings per share for the current year.

Stantec declared that its board has approved a share repurchase program on Thursday, November 9th that permits the company to buyback 2,280,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.108 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.72%. Stantec’s payout ratio is currently 61.54%.

STN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. TheStreet downgraded shares of Stantec from a “b” rating to a “c+” rating in a report on Monday, February 26th. Finally, National Bank Financial downgraded shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Stantec has an average rating of “Hold” and an average price target of $35.00.

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About Stantec

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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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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