Acadian Asset Management LLC Acquires 152,037 Shares of Stantec Inc. $STN

Key Points

• Acadian Asset Management LLC significantly increased its stake in Stantec Inc. by 1,520.4% during the first quarter, now owning approximately 162,037 shares valued at $13.42 million.
• Stantec announced a quarterly dividend increase to $0.1635, with an upcoming payment date of October 15th, reflecting a 0.6% yield.
• The stock has received multiple "buy" and "outperform" ratings from analysts, maintaining an average rating of "Buy" amidst positive market sentiment.

Acadian Asset Management LLC boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1,520.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,037 shares of the business services provider's stock after buying an additional 152,037 shares during the period. Acadian Asset Management LLC owned about 0.14% of Stantec worth $13,418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STN. Tower Research Capital LLC TRC boosted its stake in Stantec by 632.8% during 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 in the last quarter. Northern Trust Corp lifted its position in Stantec by 108.4% during the 4th quarter. Northern Trust Corp now owns 13,530 shares of the business services provider's stock worth $1,061,000 after buying an additional 7,039 shares in the last quarter. Jane Street Group LLC lifted its position in Stantec by 199.0% during the 4th quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider's stock worth $1,000,000 after buying an additional 8,480 shares in the last quarter. BNP Paribas Financial Markets raised its holdings 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 during the last quarter. Finally, Bank of America Corp DE raised its holdings in Stantec by 11.7% during the 4th quarter. Bank of America Corp DE now owns 544,507 shares of the business services provider's stock worth $42,717,000 after purchasing an additional 57,166 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Stock Up 0.1%

Shares of NYSE STN traded up $0.13 during trading hours on Wednesday, hitting $110.32. The company had a trading volume of 17,380 shares, compared to its average volume of 171,629. The stock has a market capitalization of $12.58 billion, a P/E ratio of 40.22 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. The firm's 50 day moving average is $109.47 and its 200-day moving average is $99.28.

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 EPS for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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. On average, analysts expect 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. Investors of record on Monday, September 29th will be paid a $0.1635 dividend. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. Stantec's dividend payout ratio (DPR) is currently 24.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. CIBC reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from 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.