Deutsche Bank AG Has $18.43 Million Stock Holdings in Stantec Inc. $STN

Key Points

• Deutsche Bank AG reduced its stake in Stantec Inc. by 28.6%, selling 89,207 shares and now owning 0.20% of the company valued at $18.43 million.
• Stantec reported an earnings per share (EPS) of $0.81, surpassing analyst expectations of $0.79, despite a revenue of $1.08 billion which fell short of the projected $1.54 billion.
• Research analysts have shown a positive outlook for Stantec, with seven analysts recommending a buy and one a strong buy, reflecting a broader confidence in the stock's performance.

Deutsche Bank AG reduced its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 28.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,506 shares of the business services provider's stock after selling 89,207 shares during the period. Deutsche Bank AG owned 0.20% of Stantec worth $18,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after purchasing an additional 424 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Stantec by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after acquiring an additional 239 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Stantec in the first quarter worth approximately $85,000. Versant Capital Management Inc bought a new stake in Stantec in the first quarter worth $97,000. Finally, Banque Cantonale Vaudoise bought a new stake in Stantec in the first quarter worth $99,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STN shares. CIBC reissued 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 research note on Saturday. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Stantec Stock Performance

STN traded down $0.46 during trading on Monday, hitting $105.77. The stock had a trading volume of 37,733 shares, compared to its average volume of 173,847. Stantec Inc. has a one year low of $73.18 and a one year high of $113.50. The company has a 50 day moving average price of $108.91 and a 200-day moving average price of $94.76. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 38.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44.

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 earnings per share for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. As a group, research analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio is presently 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.