Baader Bank Aktiengesellschaft Buys Shares of 3,434 Stantec Inc. $STN

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Stantec Inc., purchasing 3,434 shares valued at approximately $374,000 in the second quarter.
• Stantec reported earnings of $0.98 per share, meeting analysts' expectations, while also increasing its quarterly dividend to $0.1635 per share, up from $0.16.
• Equities research analysts show an average rating of "Buy" for Stantec, with several institutions increasing their stakes recently, highlighting strong institutional interest in the company.

Baader Bank Aktiengesellschaft purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,434 shares of the business services provider's stock, valued at approximately $374,000.

Several other institutional investors also recently modified their holdings of STN. Northern Trust Corp increased its holdings in shares of Stantec by 108.4% in the fourth quarter. Northern Trust Corp now owns 13,530 shares of the business services provider's stock valued at $1,061,000 after buying an additional 7,039 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Stantec by 199.0% during the 4th quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider's stock valued at $1,000,000 after acquiring an additional 8,480 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Stantec by 22.5% during the 4th quarter. Quantinno Capital Management LP now owns 11,325 shares of the business services provider's stock valued at $888,000 after acquiring an additional 2,081 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Stantec by 41.6% during the 4th quarter. Two Sigma Investments LP now owns 167,345 shares of the business services provider's stock valued at $13,128,000 after acquiring an additional 49,200 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Stantec by 12.2% during the 4th quarter. Two Sigma Advisers LP now owns 130,967 shares of the business services provider's stock valued at $10,274,000 after acquiring an additional 14,200 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on STN shares. CIBC reiterated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec has an average rating of "Buy".

Stantec Stock Performance

Shares of STN traded up $0.97 during trading hours on Friday, reaching $109.66. 787,331 shares of the company traded hands, compared to its average volume of 146,354. The stock's fifty day moving average is $109.41 and its 200 day moving average is $99.83. The stock has a market cap of $12.51 billion, a P/E ratio of 40.02 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. 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 announced its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal 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 $0.1635 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio 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.