Stantec Inc. (STN) Shares Bought by Grandeur Peak Global Advisors LLC
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.
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.
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%.
ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/stantec-inc-stn-shares-bought-by-grandeur-peak-global-advisors-llc/1956950.html.
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.
Want to see what other hedge funds are holding STN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stantec Inc. (NYSE:STN) (TSE:STN).
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.