Nicola Wealth Management LTD. Purchases Shares of 59,100 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 stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 59,100 shares of the business services provider's stock, valued at approximately $4,901,000. Nicola Wealth Management LTD. owned about 0.05% of Stantec as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STN. Mackenzie Financial Corp boosted its holdings in Stantec by 166.5% in the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock valued at $1,751,093,000 after purchasing an additional 13,958,790 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Stantec by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock valued at $359,131,000 after purchasing an additional 964,188 shares during the period. Royal Bank of Canada boosted its holdings in Stantec by 9.5% in the 4th quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock valued at $236,055,000 after purchasing an additional 261,705 shares during the period. Intact Investment Management Inc. boosted its holdings in Stantec by 781.2% in the 1st quarter. Intact Investment Management Inc. now owns 186,118 shares of the business services provider's stock valued at $15,429,000 after purchasing an additional 164,998 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Stantec by 1,520.4% in the 1st quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider's stock valued at $13,418,000 after purchasing an additional 152,037 shares during the period. Institutional investors own 63.86% of the company's stock.

Stantec Price Performance

STN stock traded down $1.67 during trading on Friday, reaching $110.59. 101,113 shares of the company were exchanged, compared to its average volume of 150,555. The company has a 50-day moving average of $109.42 and a two-hundred day moving average of $99.03. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 40.36 and a beta of 1.07. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $113.50. 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 (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on STN. Wall Street Zen downgraded shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. CIBC reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Seven equities research 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.