American Century Companies Inc. Acquires 35,088 Shares of Stantec Inc. $STN

American Century Companies Inc. raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 70.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,893 shares of the business services provider’s stock after acquiring an additional 35,088 shares during the period. American Century Companies Inc.’s holdings in Stantec were worth $9,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Waratah Capital Advisors Ltd. boosted its position in Stantec by 6.5% in the second quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after buying an additional 25,073 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Stantec by 144.2% during the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock worth $1,096,000 after buying an additional 5,954 shares in the last quarter. Forge First Asset Management Inc. lifted its stake in shares of Stantec by 94.2% in the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock valued at $9,401,000 after acquiring an additional 42,000 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Stantec by 30.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 135,710 shares of the business services provider’s stock valued at $14,777,000 after acquiring an additional 31,920 shares in the last quarter. Finally, Genus Capital Management Inc. grew its position in Stantec by 710.8% during the 2nd quarter. Genus Capital Management Inc. now owns 64,454 shares of the business services provider’s stock worth $6,999,000 after acquiring an additional 56,505 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 1.0%

Shares of NYSE:STN opened at $94.94 on Friday. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $114.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The business’s 50-day moving average is $106.02 and its 200-day moving average is $107.31. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 31.23 and a beta of 1.10.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec had a return on equity of 17.37% and a net margin of 6.06%.Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is presently 21.71%.

Analysts Set New Price Targets

Several equities analysts have commented on STN shares. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. CIBC reiterated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Finally, Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Stantec Company Profile

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.