Stantec Inc. $STN Stake Lowered by Candriam S.C.A.

Candriam S.C.A. cut its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 18.6% during the third quarter, HoldingsChannel reports. The fund owned 134,844 shares of the business services provider’s stock after selling 30,832 shares during the quarter. Candriam S.C.A.’s holdings in Stantec were worth $14,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. increased its holdings in shares of Stantec by 6.5% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after acquiring an additional 25,073 shares during the last quarter. Forge First Asset Management Inc. boosted its position in Stantec by 94.2% during the second quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after purchasing an additional 42,000 shares during the period. Atria Investments Inc grew its holdings in Stantec by 144.2% during the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after purchasing an additional 5,954 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Stantec by 64.3% in the third quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock valued at $44,494,000 after purchasing an additional 161,400 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Stantec by 30.8% in the second quarter. Hillsdale Investment Management Inc. now owns 135,710 shares of the business services provider’s stock worth $14,777,000 after buying an additional 31,920 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of STN stock opened at $102.47 on Tuesday. Stantec Inc. has a 12 month low of $75.94 and a 12 month high of $114.51. The company has a market capitalization of $11.69 billion, a P/E ratio of 33.71 and a beta of 1.12. The stock has a 50 day moving average of $97.45 and a two-hundred day moving average of $104.16. 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 (NYSE:STN) (TSE:STN) last issued its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.225 dividend. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STN shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Finally, Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Stantec Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.