TD Asset Management Inc. Cuts Stock Holdings in Stantec Inc. (NYSE:STN)

TD Asset Management Inc. reduced its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,083,097 shares of the business services provider’s stock after selling 103,822 shares during the period. TD Asset Management Inc. owned 0.97% of Stantec worth $26,051,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STN. Beutel Goodman & Co Ltd. purchased a new stake in shares of Stantec in the first quarter valued at approximately $27,000. Weaver Consulting Group purchased a new stake in shares of Stantec in the first quarter valued at approximately $88,000. Aperio Group LLC purchased a new stake in shares of Stantec in the second quarter valued at approximately $147,000. Geode Capital Management LLC purchased a new stake in shares of Stantec in the fourth quarter valued at approximately $226,000. Finally, Legal & General Group Plc grew its position in shares of Stantec by 89.7% in the fourth quarter. Legal & General Group Plc now owns 55,142 shares of the business services provider’s stock valued at $1,207,000 after purchasing an additional 26,074 shares in the last quarter. Institutional investors own 65.20% of the company’s stock.

A number of equities research analysts have recently issued reports on STN shares. CIBC restated a “hold” rating and issued a $35.00 price target on shares of Stantec in a research report on Friday, August 9th. Raymond James restated a “hold” rating and issued a $34.50 price target on shares of Stantec in a research report on Friday, August 9th. Zacks Investment Research lowered Stantec from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets dropped their price target on Stantec from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.90.

STN traded up $0.04 during trading hours on Friday, reaching $21.30. The company’s stock had a trading volume of 480 shares, compared to its average volume of 17,228. Stantec Inc. has a fifty-two week low of $20.22 and a fifty-two week high of $26.74. The stock has a market cap of $2.43 billion, a PE ratio of 15.21 and a beta of 1.16. The business’s 50-day moving average is $23.62 and its 200-day moving average is $23.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.84 and a quick ratio of 1.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Stantec’s previous quarterly dividend of $0.11. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. Stantec’s dividend payout ratio is currently 30.71%.

Stantec Company 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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

See Also: How to find the components of the quick ratio

Institutional Ownership by Quarter for Stantec (NYSE: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.