Mirae Asset Global Investments Co. Ltd. Takes Position in Stantec Inc. (STN)

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Mirae Asset Global Investments Co. Ltd. bought a new position in Stantec Inc. (NYSE:STN) (TSE:STN) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 29,439 shares of the business services provider’s stock, valued at approximately $732,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STN. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Stantec by 16.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after buying an additional 1,014,400 shares during the period. Pictet Asset Management Ltd. purchased a new stake in shares of Stantec during the 3rd quarter valued at approximately $118,490,000. Grandeur Peak Global Advisors LLC raised its position in shares of Stantec by 8.1% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock valued at $50,710,000 after buying an additional 147,725 shares during the period. Van Berkom & Associates Inc. raised its position in shares of Stantec by 4.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,340,580 shares of the business services provider’s stock valued at $34,421,000 after buying an additional 51,728 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Stantec by 22.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,194,124 shares of the business services provider’s stock valued at $29,731,000 after buying an additional 218,635 shares during the period. 63.99% of the stock is currently owned by institutional investors and hedge funds.

Stantec stock opened at $22.03 on Wednesday. Stantec Inc. has a fifty-two week low of $21.65 and a fifty-two week high of $29.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $2.45 billion, a P/E ratio of 17.49 and a beta of 1.18.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). Stantec had a net margin of 1.34% and a return on equity of 9.47%. The company had revenue of $690.05 million during the quarter, compared to analyst estimates of $699.73 million. On average, sell-side analysts expect that Stantec Inc. will post 1.27 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Friday, December 28th will be issued a $0.1049 dividend. The ex-dividend date is Thursday, December 27th. This represents a $0.42 annualized dividend and a yield of 1.90%. Stantec’s dividend payout ratio (DPR) is presently 30.88%.

Several analysts have recently commented on STN shares. Scotiabank raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 19th. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating in a research report on Friday, November 9th. ValuEngine lowered shares of Stantec from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. CIBC raised shares of Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, Howard Weil raised shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Stantec currently has an average rating of “Buy” and an average target price of $32.25.

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Stantec Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It 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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