Advisors Asset Management Inc. Increases Stock Holdings in Stantec Inc. $STN

Key Points

• Advisors Asset Management Inc. increased its holdings in Stantec Inc. by 8.6%, owning a total of 50,011 shares valued at approximately $4.14 million by the end of the recent quarter.
• Stantec has announced a quarterly dividend of $0.1635 per share, marking an increase from the previous dividend, with a payout ratio of 24.09%.
• Seven analysts currently rate Stantec's stock as a "Buy", with Wall Street expecting 3.05 earnings per share for the current year and an estimated FY 2025 guidance of 3.784-3.880 EPS.

Advisors Asset Management Inc. lifted its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,011 shares of the business services provider's stock after buying an additional 3,975 shares during the quarter. Advisors Asset Management Inc.'s holdings in Stantec were worth $4,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Stantec in the first quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings 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 worth $39,000 after buying an additional 424 shares in the last quarter. Parallel Advisors LLC raised its stake in 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 purchasing an additional 239 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Stantec in the first quarter valued at approximately $85,000. Finally, Versant Capital Management Inc purchased a new stake in Stantec in the first quarter valued at approximately $97,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Price Performance

STN stock opened at $108.12 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $113.50. The firm's fifty day moving average is $109.40 and its 200 day moving average is $97.79. The firm has a market cap of $12.33 billion, a P/E ratio of 39.46 and a beta of 1.06.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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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