Canada Pension Plan Investment Board Purchases 59,203 Shares of Stantec Inc. $STN

Key Points

• The Canada Pension Plan Investment Board has increased its stake in Stantec Inc. by acquiring an additional 59,203 shares, bringing its total holdings to 614,353 shares valued at approximately $50.93 million.
• Stantec recently reported earnings per share of $0.98, meeting analysts' expectations, and has set its fiscal year 2025 guidance at 3.784-3.880 EPS.
• The company announced a quarterly dividend increase to $0.1635 per share, resulting in an annualized yield of 0.6%, reflecting a boost from its previous dividend amount.

Canada Pension Plan Investment Board lifted its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 614,353 shares of the business services provider's stock after buying an additional 59,203 shares during the period. Canada Pension Plan Investment Board owned approximately 0.54% of Stantec worth $50,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Stantec by 166.5% during the fourth quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after buying an additional 13,958,790 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Stantec in the fourth quarter valued at about $56,191,000. Royal Bank of Canada increased its holdings in shares of Stantec by 9.5% in the fourth quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock valued at $236,055,000 after purchasing an additional 261,705 shares during the period. Intact Investment Management Inc. increased its stake in Stantec by 781.2% in the 1st quarter. Intact Investment Management Inc. now owns 186,118 shares of the business services provider's stock valued at $15,429,000 after buying an additional 164,998 shares during the period. Finally, Millennium Management LLC raised its holdings in Stantec by 68.6% during the fourth quarter. Millennium Management LLC now owns 301,833 shares of the business services provider's stock worth $23,672,000 after purchasing an additional 122,814 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on STN shares. CIBC reissued an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Stantec Stock Performance

Shares of Stantec stock traded up $0.71 during trading on Thursday, reaching $109.48. The company's stock had a trading volume of 48,340 shares, compared to its average volume of 172,651. 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 business's fifty day moving average price is $109.41 and its 200-day moving average price is $97.35. Stantec Inc. has a one year low of $73.18 and a one year high of $113.50. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 39.96 and a beta of 1.06.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate 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. As a group, equities research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be issued 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 annualized dividend and a dividend yield of 0.6%. Stantec's dividend payout ratio (DPR) is presently 23.36%.

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.