Stantec Inc. $STN Shares Acquired by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. increased its stake in Stantec Inc. by 61.9%, acquiring an additional 15,392 shares during the first quarter, bringing its total holdings to 40,266 shares valued at approximately $3.34 million.
• Stantec has recently seen support from institutional investors, with 63.86% of its stock currently held by these entities, highlighting a strong interest in the company.
• The company will pay a quarterly dividend of $0.1635 on October 15th, marking an increase from the previous dividend and representing a yield of 0.6%.

Aviso Financial Inc. grew its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 61.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,266 shares of the business services provider's stock after buying an additional 15,392 shares during the period. Aviso Financial Inc.'s holdings in Stantec were worth $3,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest & Ethical Investments L.P. raised its holdings in shares of Stantec by 9.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 216,924 shares of the business services provider's stock worth $17,983,000 after buying an additional 18,920 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Stantec by 18.2% during the first quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock worth $4,128,000 after purchasing an additional 7,671 shares during the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Stantec by 2,094.9% during the first quarter. Gulf International Bank UK Ltd now owns 6,497 shares of the business services provider's stock worth $538,000 after purchasing an additional 6,201 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Stantec by 33.7% during the first quarter. Russell Investments Group Ltd. now owns 418,449 shares of the business services provider's stock worth $34,625,000 after purchasing an additional 105,448 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Stantec during the first quarter worth $6,652,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. TD Securities reissued a "buy" rating on shares of Stantec in a report on Friday, May 16th. CIBC reissued an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Stantec Stock Performance

STN traded up $2.70 on Friday, reaching $110.83. The stock had a trading volume of 276,147 shares, compared to its average volume of 216,715. 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 business's 50-day moving average price is $109.04 and its two-hundred day moving average price is $95.60. The company has a market cap of $12.64 billion, a P/E ratio of 40.45 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data 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 net margin of 5.62% and a return on equity of 19.03%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Sell-side analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a $0.1635 dividend. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, September 29th. Stantec's dividend payout ratio (DPR) 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.