Amundi Decreases Stock Position in 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 cut its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 10.2% in the 1st 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 SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pembroke Management LTD boosted its holdings in shares of Stantec by 3.4% in the first quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider's stock worth $574,000 after acquiring an additional 231 shares during the period. Parallel Advisors LLC lifted its holdings in Stantec by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after purchasing an additional 239 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Stantec in the 1st quarter worth about $26,000. Tower Research Capital LLC TRC grew its holdings in Stantec by 632.8% during 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 in the last quarter. Finally, ELCO Management Co. LLC increased its position in shares of Stantec by 9.8% during the first quarter. ELCO Management Co. LLC now owns 7,337 shares of the business services provider's stock valued at $608,000 after buying an additional 653 shares during the period. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STN. CIBC restated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. TD Securities reissued a "buy" rating on shares of Stantec in a report on Friday, May 16th. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Royal Bank Of Canada reissued 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, According to MarketBeat.com, the stock presently has an average rating of "Buy".

Stantec Price Performance

Shares of Stantec stock traded up $1.27 on Wednesday, hitting $108.94. 92,881 shares of the company traded hands, compared to its average volume of 173,200. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The company has a market cap of $12.43 billion, a P/E ratio of 39.76 and a beta of 1.07. The firm's 50-day simple moving average is $109.36 and its 200 day simple moving average is $98.36.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion during 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. Analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm 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. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's dividend payout ratio is currently 23.36%.

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.