Nuveen LLC Takes Position in Stantec Inc. $STN

Key Points

• Nuveen LLC acquired 80,258 shares of Stantec Inc., valued at approximately $6.65 million, representing about 0.07% of the company.
• Stantec recently declared a quarterly dividend of $0.1635 per share, increasing from its previous dividend of $0.16, with a current dividend yield of 0.6%.
• The company reported an earnings per share (EPS) of $0.98 for the last quarter, meeting expectations, and set its FY 2025 guidance at 3.784-3.880 EPS.

Nuveen LLC purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 80,258 shares of the business services provider's stock, valued at approximately $6,652,000. Nuveen LLC owned approximately 0.07% of Stantec at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of STN. Tower Research Capital LLC TRC boosted its stake 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 valued at $39,000 after buying an additional 424 shares in the last quarter. Parallel Advisors LLC boosted its stake 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 valued at $72,000 after buying an additional 239 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Stantec in the first quarter valued at approximately $85,000. Versant Capital Management Inc purchased a new stake in shares of Stantec in the first quarter valued at approximately $97,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Stantec in the first quarter valued at approximately $99,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Trading Down 1.2%

NYSE:STN traded down $1.27 on Friday, hitting $108.76. 117,737 shares of the stock were exchanged, compared to its average volume of 205,749. The stock has a market cap of $12.41 billion, a PE ratio of 39.69 and a beta of 1.03. 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 fifty day moving average of $109.30 and a 200-day moving average of $96.84. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50.

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

Stantec Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. CIBC restated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. TD Securities reiterated 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. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Stantec presently 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.