Stantec Inc. (NYSE:STN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company.

Several brokerages have commented on STN. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research report on Wednesday. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday. CIBC restated an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Finally, Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Canopy Partners LLC increased its stake in shares of Stantec by 3.8% during the 2nd quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider’s stock worth $313,000 after purchasing an additional 104 shares during the last quarter. Wolverine Trading LLC grew its holdings in Stantec by 2.4% during the third quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock worth $551,000 after purchasing an additional 120 shares during the period. Harvest Portfolios Group Inc. increased its position in Stantec by 4.1% during the third quarter. Harvest Portfolios Group Inc. now owns 3,120 shares of the business services provider’s stock worth $336,000 after buying an additional 122 shares during the last quarter. Westside Investment Management Inc. increased its position in Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after buying an additional 126 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Stantec by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after buying an additional 180 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.3%

NYSE:STN opened at $100.42 on Friday. The company has a market cap of $11.46 billion, a P/E ratio of 33.03 and a beta of 1.10. Stantec has a twelve month low of $73.18 and a twelve month high of $114.51. The business has a 50 day moving average price of $96.43 and a two-hundred day moving average price of $105.04. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53.

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, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, analysts expect that Stantec will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

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

Stantec Company 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.