1832 Asset Management L.P. Purchases 7,564 Shares of Stantec Inc. $STN

Key Points

• 1832 Asset Management L.P. increased its stake in Stantec Inc. by 8.6%, acquiring an additional 7,564 shares, bringing its total to 95,651 shares valued at approximately $7.9 million.
• Stantec recently increased its quarterly dividend to $0.1635 per share, providing a yield of 0.6% and reflecting a dividend payout ratio of 24.09%.
• Stantec's recent earnings report showed an EPS of $0.98, meeting analysts' estimates, but revenue of $1.17 billion fell short of expectations of $1.64 billion.

1832 Asset Management L.P. grew its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,651 shares of the business services provider's stock after acquiring an additional 7,564 shares during the quarter. 1832 Asset Management L.P. owned 0.08% of Stantec worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after acquiring an additional 424 shares during the last quarter. Parallel Advisors LLC increased its stake in Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after acquiring an additional 239 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Stantec in the 1st quarter worth approximately $85,000. Versant Capital Management Inc bought a new stake in Stantec in the 1st quarter worth approximately $97,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Stantec during the 1st quarter valued at approximately $99,000. Institutional investors own 63.86% of the company's stock.

Stantec Price Performance

STN opened at $110.83 on Monday. The business has a fifty day moving average of $109.04 and a 200 day moving average of $95.87. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.50. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. The stock has a market cap of $12.64 billion, a P/E ratio of 40.45 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, sell-side analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a dividend of $0.1635 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 29th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is presently 24.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. CIBC reissued an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. TD Securities reissued a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Wall Street Zen downgraded Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.

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