Acadian Asset Management LLC Raises Holdings in 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 increased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1,520.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 162,037 shares of the business services provider's stock after acquiring an additional 152,037 shares during the period. Acadian Asset Management LLC owned approximately 0.14% of Stantec worth $13,418,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in Stantec in the first quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 424 shares during the period. Parallel Advisors LLC grew its position in 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 acquiring an additional 239 shares during the period. GHP Investment Advisors Inc. purchased a new position in Stantec in the first quarter worth approximately $85,000. Finally, Versant Capital Management Inc acquired a new position in Stantec during the first quarter worth $97,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STN has been the topic of a number of research reports. CIBC restated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. TD Securities restated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stantec has an average rating of "Buy".

Stantec Stock Up 3.0%

Shares of NYSE STN opened at $112.31 on Friday. The stock has a market cap of $12.81 billion, a P/E ratio of 40.99 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. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50. The business's fifty day simple moving average is $109.41 and its 200-day simple moving average is $98.68.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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 predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, September 29th. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. Stantec's payout ratio is 24.09%.

Stantec 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.

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