Arrowstreet Capital Limited Partnership Acquires 122,118 Shares of Stantec Inc. $STN

Arrowstreet Capital Limited Partnership boosted its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 204.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,971 shares of the business services provider’s stock after purchasing an additional 122,118 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Stantec were worth $19,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 49,857 shares during the period. The Manufacturers Life Insurance Company grew its stake in Stantec by 28.8% in the 1st 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 buying an additional 964,188 shares during the last quarter. Royal Bank of Canada raised its holdings in Stantec by 0.3% in the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock valued at $249,946,000 after acquiring an additional 8,268 shares during the period. Fiera Capital Corp lifted its position in Stantec by 1.8% during the second quarter. Fiera Capital Corp now owns 2,385,294 shares of the business services provider’s stock worth $259,378,000 after acquiring an additional 42,789 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Stantec by 6.5% during the first quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock worth $156,618,000 after acquiring an additional 115,849 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Stantec Stock Performance

Shares of Stantec stock opened at $95.04 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. The company has a market cap of $10.84 billion, a PE ratio of 31.26 and a beta of 1.11. The company has a 50 day moving average of $105.80 and a 200-day moving average of $107.35. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced 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. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities research analysts forecast 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 given a dividend of $0.225 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is currently 21.71%.

Stantec 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.