Nicola Wealth Management LTD. Takes $4.90 Million Position in Stantec Inc. $STN

Key Points

• Nicola Wealth Management LTD. purchased 59,100 shares of Stantec Inc., worth approximately $4.9 million, increasing its stake to about 0.05% as of the latest SEC filing.
• Stantec recently announced a quarterly dividend increase from $0.16 to $0.1635, reflecting a commitment to returning value to shareholders.
• The company's latest earnings report showed a net margin of 5.62% and revenue of $1.17 billion, falling short of analyst expectations of $1.64 billion.

Nicola Wealth Management LTD. purchased a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,100 shares of the business services provider's stock, valued at approximately $4,901,000. Nicola Wealth Management LTD. owned approximately 0.05% of Stantec at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Stantec by 114.3% during the 4th quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock worth $1,858,000 after purchasing an additional 12,627 shares in the last quarter. American Century Companies Inc. increased its holdings in Stantec by 18.2% in the first quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock valued at $4,128,000 after buying an additional 7,671 shares in the last quarter. Jane Street Group LLC raised its position in Stantec by 199.0% during the fourth quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider's stock worth $1,000,000 after acquiring an additional 8,480 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Stantec during the first quarter worth approximately $568,000. Finally, Trexquant Investment LP purchased a new position in Stantec during the first quarter worth approximately $1,561,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Stock Down 0.1%

Shares of NYSE STN traded down $0.16 during midday trading on Wednesday, reaching $110.04. The company's stock had a trading volume of 31,953 shares, compared to its average volume of 171,704. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 40.16 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $109.47 and a 200-day simple moving average of $99.28.

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

Stantec Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STN. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus 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.