Grandeur Peak Global Advisors LLC increased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,703,373 shares of the business services provider’s stock after purchasing an additional 57,900 shares during the quarter. Stantec accounts for 6.2% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Grandeur Peak Global Advisors LLC’s holdings in Stantec were worth $47,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Management Co. LLC grew its stake in 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 valued at $222,000 after acquiring an additional 3,416 shares during the last quarter. ARP Americas LP acquired a new stake in Stantec in the 4th quarter valued at about $247,000. Trexquant Investment LP acquired a new stake in Stantec in the 3rd quarter valued at about $272,000. Dynamic Technology Lab Private Ltd acquired a new stake in Stantec in the 3rd quarter valued at about $313,000. Finally, OxFORD Asset Management LLP acquired a new stake in Stantec in the 3rd quarter valued at about $364,000. Institutional investors and hedge funds own 56.26% of the company’s stock.

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A number of equities research analysts recently commented on the stock. National Bank Financial cut shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 22nd. Zacks Investment Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, TheStreet cut shares of Stantec from a “b” rating to a “c+” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Shares of Stantec stock opened at $25.50 on Thursday. Stantec Inc. has a 12 month low of $22.25 and a 12 month high of $29.25. The stock has a market cap of $2,877.15, a PE ratio of 18.53 and a beta of 1.65. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.29.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). Stantec had a return on equity of 10.72% and a net margin of 1.88%. The firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $854.21 million. During the same period in the prior year, the business earned $0.35 earnings per share. Stantec’s revenue for the quarter was down 1.8% on a year-over-year basis. sell-side analysts predict that Stantec Inc. will post 1.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.108 per share. This is a boost from Stantec’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, March 28th. Stantec’s dividend payout ratio (DPR) is currently 61.54%.

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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 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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