Cumberland Partners Ltd Buys 8,868 Shares of Stantec Inc. (NYSE:STN)

Cumberland Partners Ltd raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 153.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,658 shares of the business services provider’s stock after purchasing an additional 8,868 shares during the period. Cumberland Partners Ltd’s holdings in Stantec were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Stantec by 124.1% during the third quarter. Exchange Traded Concepts LLC now owns 7,166 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 3,968 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Stantec by 17.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,863 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 863 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Stantec by 207.8% during the third quarter. Bank of New York Mellon Corp now owns 187,043 shares of the business services provider’s stock valued at $12,134,000 after purchasing an additional 126,274 shares in the last quarter. Caldwell Investment Management Ltd. boosted its stake in shares of Stantec by 13.7% during the third quarter. Caldwell Investment Management Ltd. now owns 173,000 shares of the business services provider’s stock valued at $11,223,000 after purchasing an additional 20,900 shares in the last quarter. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Stantec during the third quarter valued at about $1,330,000. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets lowered Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Stantec Trading Up 0.2 %

Shares of Stantec stock traded up $0.14 during midday trading on Wednesday, reaching $81.02. The company had a trading volume of 58,014 shares, compared to its average volume of 110,678. The stock has a fifty day moving average price of $82.82 and a 200 day moving average price of $76.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $9.24 billion, a PE ratio of 36.76 and a beta of 1.04. Stantec Inc. has a fifty-two week low of $56.49 and a fifty-two week high of $87.53.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The company had revenue of $912.51 million during the quarter, compared to analyst estimates of $891.12 million. Stantec had a return on equity of 16.50% and a net margin of 5.11%. On average, equities analysts anticipate that Stantec Inc. will post 3.15 earnings per share for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.1548 per share. This is an increase 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 dividend yield of 0.76%. Stantec’s payout ratio is currently 26.36%.

Stantec 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.