Amundi Sells 142,464 Shares of Stantec Inc. $STN

Key Points

• Amundi has reduced its stake in Stantec Inc. by 10.2%, now holding 1,260,872 shares valued at approximately $104.45 million.
• Stantec has announced a quarterly dividend of $0.1635 per share, marking an increase from its previous dividend of $0.16, with a payout ratio of 24.09%.
• The company reported EPS of $0.98 for the last quarter, matching analyst estimates, but revenue fell short at $1.17 billion compared to expectations of $1.64 billion.

Amundi lessened its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,260,872 shares of the business services provider's stock after selling 142,464 shares during the period. Amundi owned 1.11% of Stantec worth $104,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in shares of Stantec in the first quarter valued at about $26,000. Tower Research Capital LLC TRC grew its stake in Stantec by 632.8% in the 4th 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 during the last quarter. Parallel Advisors LLC raised its holdings in Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after acquiring an additional 239 shares during the period. GHP Investment Advisors Inc. bought a new position in Stantec in the 1st quarter valued at about $85,000. Finally, Versant Capital Management Inc acquired a new stake in Stantec during the first quarter worth approximately $97,000. 63.86% of the stock is owned by institutional investors.

Stantec Price Performance

Shares of STN traded up $3.22 during mid-day trading on Thursday, reaching $112.31. The company had a trading volume of 157,908 shares, compared to its average volume of 184,691. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 40.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. The company's 50 day simple moving average is $109.41 and its 200 day simple moving average is $98.68. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion for 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. Analysts expect that Stantec Inc. will post 3.05 EPS 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 given a dividend of $0.1635 per share. The ex-dividend date is Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio is 24.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STN. Wall Street Zen cut 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 research note on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stantec 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.