Gitterman Wealth Management LLC Sells 705 Shares of Stantec Inc. (NYSE:STN)

Gitterman Wealth Management LLC reduced its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,756 shares of the business services provider’s stock after selling 705 shares during the period. Gitterman Wealth Management LLC’s holdings in Stantec were worth $301,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STN. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stantec during the 3rd quarter worth $26,000. UniSuper Management Pty Ltd bought a new position in Stantec during the 3rd quarter worth $52,000. Quantbot Technologies LP raised its position in Stantec by 456.3% during the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock worth $177,000 after purchasing an additional 2,236 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Stantec during the 4th quarter worth $214,000. Finally, Metis Global Partners LLC bought a new position in Stantec during the 3rd quarter worth $291,000. 63.86% of the stock is owned by institutional investors.

Stantec Trading Up 0.4 %

Shares of NYSE:STN traded up $0.34 during midday trading on Friday, reaching $81.84. The company’s stock had a trading volume of 133,838 shares, compared to its average volume of 104,601. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 37.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day moving average price of $82.74 and a two-hundred day moving average price of $77.04. 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 announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The business had revenue of $912.51 million during the quarter, compared to analyst estimates of $891.12 million. Stantec had a net margin of 5.11% and a return on equity of 16.50%. As a group, analysts forecast that Stantec Inc. will post 3.13 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.1548 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 27th. Stantec’s payout ratio is currently 26.36%.

Analysts Set New Price Targets

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

About Stantec

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.