Cubist Systematic Strategies LLC purchased a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,488 shares of the business services provider's stock, valued at approximately $3,272,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in STN. Wealth Preservation Advisors LLC acquired a new stake in shares of Stantec in the first quarter worth about $26,000. Tower Research Capital LLC TRC lifted its position in shares of Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Stantec by 37.6% in the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after buying an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Stantec in the first quarter worth about $85,000. Finally, Versant Capital Management Inc acquired a new position in shares of Stantec during the 1st quarter worth about $97,000. Institutional investors and hedge funds own 63.86% of the company's stock.
Stantec Price Performance
Shares of STN traded up $1.12 on Wednesday, hitting $108.79. The company's stock had a trading volume of 81,070 shares, compared to its average volume of 173,155. The company has a market capitalization of $12.41 billion, a PE ratio of 39.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50. The company has a 50 day moving average price of $109.36 and a 200 day moving average price of $98.36.
Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.
Stantec Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a $0.1635 dividend. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's dividend payout ratio (DPR) is currently 23.36%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on STN. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. TD Securities reissued a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".
Get Our Latest Report on STN
Stantec Company Profile
(
Free Report)
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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