Advisors Asset Management Inc. Has $4.14 Million Stake 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. boosted its holdings in shares of 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 & Exchange Commission. The fund 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 reporting period.

Other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in shares of Stantec by 166.5% during the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after acquiring an additional 13,958,790 shares during the period. Vanguard Group Inc. lifted its holdings in Stantec by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider's stock valued at $383,352,000 after purchasing an additional 49,857 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Stantec by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock worth $359,131,000 after purchasing an additional 964,188 shares during the period. Royal Bank of Canada boosted its position in Stantec by 0.3% during the first quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider's stock worth $249,946,000 after purchasing an additional 8,268 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Stantec by 4.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock valued at $172,530,000 after purchasing an additional 97,496 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Stantec Price Performance

Stantec stock traded up $3.22 during mid-day trading on Thursday, reaching $112.31. 157,908 shares of the company were exchanged, compared to its average volume of 184,691. The firm has a market cap of $12.81 billion, a PE ratio of 40.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The company has a fifty day simple moving average of $109.41 and a 200-day simple moving average of $98.68. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $113.50.

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

Stantec Increases Dividend

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

About Stantec

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.