Burgundy Asset Management Ltd. Decreases Holdings in Stantec Inc. $STN

Burgundy Asset Management Ltd. reduced its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 11.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 860,737 shares of the business services provider’s stock after selling 115,601 shares during the quarter. Burgundy Asset Management Ltd. owned 0.75% of Stantec worth $93,481,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Canopy Partners LLC raised its position in Stantec by 3.8% in the second quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider’s stock worth $313,000 after acquiring an additional 104 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 180 shares during the period. Pembroke Management LTD increased its position in Stantec by 3.4% in the first quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider’s stock worth $574,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC raised its stake in shares of Stantec by 5.7% in the second quarter. Signaturefd LLC now owns 5,316 shares of the business services provider’s stock valued at $578,000 after buying an additional 289 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of Stantec in the second quarter valued at $32,000. Institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Stantec Trading Up 0.1%

Shares of Stantec stock opened at $95.04 on Friday. The company’s 50-day moving average price is $105.80 and its 200-day moving average price is $107.30. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $114.51. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 31.26 and a beta of 1.10.

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

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.225 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stantec’s dividend payout ratio is 21.05%.

About Stantec

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.