Candriam S.C.A. Grows Stock Position in Stantec Inc. $STN

Key Points

• Candriam S.C.A. increased its stake in Stantec Inc. by 1.8%, holding 238,091 shares valued at approximately $19.73 million as of the end of the most recent reporting period.
• Stantec recently reported an EPS of $0.98, meeting analysts' expectations, with 2025 EPS guidance set between 3.784-3.880.
• The company announced a quarterly dividend increase to $0.1635 per share, reflecting a yield of 0.6%, payable on October 15th.

Candriam S.C.A. grew its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,091 shares of the business services provider's stock after buying an additional 4,096 shares during the period. Candriam S.C.A. owned approximately 0.21% of Stantec worth $19,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Stantec by 13.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock valued at $20,699,000 after purchasing an additional 30,629 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Stantec by 114.3% in the 4th quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock valued at $1,858,000 after acquiring an additional 12,627 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Stantec by 199.0% in 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 purchasing an additional 8,480 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Stantec in the 4th quarter valued at $205,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Stantec by 4.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock worth $172,530,000 after acquiring an additional 97,496 shares during the period. Institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on STN. TD Securities reaffirmed a "buy" rating on shares of Stantec in a report on Friday, May 16th. 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. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Finally, Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, Stantec has a consensus rating of "Buy".

Stantec Price Performance

Shares of NYSE:STN traded up $2.70 on Friday, reaching $110.83. 276,147 shares of the company were exchanged, compared to its average volume of 216,715. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. The company has a 50-day moving average of $109.04 and a 200-day moving average of $95.73. The firm has a market cap of $12.64 billion, a price-to-earnings 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 EPS for the quarter, hitting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a dividend of $0.1635 per share. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio is presently 24.09%.

About Stantec

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.