Janney Montgomery Scott LLC boosted its holdings in Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 26.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,788 shares of the business services provider’s stock after buying an additional 788 shares during the period. Janney Montgomery Scott LLC’s holdings in Stantec were worth $412,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Stantec by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock valued at $383,352,000 after buying an additional 49,857 shares during the period. The Manufacturers Life Insurance Company increased its stake in Stantec by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock valued at $359,131,000 after purchasing an additional 964,188 shares in the last quarter. Royal Bank of Canada increased its stake in Stantec by 0.3% in the first quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock valued at $249,946,000 after purchasing an additional 8,268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stantec by 4.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock valued at $172,530,000 after purchasing an additional 97,496 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Stantec by 6.5% in the first quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock valued at $156,618,000 after purchasing an additional 115,849 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have commented on STN shares. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
View Our Latest Analysis on STN
Stantec Stock Down 0.3%
Shares of STN stock opened at $109.97 on Friday. The firm has a fifty day moving average of $109.14 and a 200-day moving average of $103.55. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.87. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 40.13 and a beta of 1.04.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.
Stantec Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were given a $0.1635 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. Stantec’s payout ratio is 24.09%.
Stantec Profile
(Free Report)
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.
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