The Stantec Inc. (STN) Shares Bought by Swiss National Bank

The Stantec Inc. (STN) Shares Bought by Swiss National Bank

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Stantec by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the last quarter. Cardinal Capital Management Inc. boosted its stake in shares of Stantec by 28.9% in the first quarter. Cardinal Capital Management Inc. now owns 12,500 shares of the business services provider’s stock worth $324,000 after buying an additional 2,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stantec by 3.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 349,658 shares of the business services provider’s stock worth $9,048,000 after buying an additional 11,222 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Stantec by 1.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock worth $33,454,000 after buying an additional 13,350 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Stantec by 15.3% in the first quarter. Russell Investments Group Ltd. now owns 301,328 shares of the business services provider’s stock worth $7,795,000 after buying an additional 39,897 shares during the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

Swiss National Bank raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 190,570 shares of the business services provider’s stock after buying an additional 1,800 shares during the period. Swiss National Bank’s holdings in Stantec were worth $4,945,000 as of its most recent SEC filing.

Stantec Inc. (NYSE STN) opened at 23.35 on Monday. The company has a 50-day moving average of $24.30 and a 200-day moving average of $25.76. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 84.91 and a beta of 1.57. Stantec Inc. has a 1-year low of $21.50 and a 1-year high of $28.05.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be issued a dividend of $0.0913 per share. This represents a $0.37 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, June 28th. Stantec’s dividend payout ratio is currently 36.26%.

A number of analysts recently weighed in on the stock. Desjardins upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, February 28th. Scotiabank upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a report on Friday, February 24th. Finally, TheStreet cut shares of Stantec from a “b-” rating to a “c+” rating in a report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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