Dynamic Technology Lab Private Ltd Acquires New Holdings in Stantec Inc. $STN

Key Points

• Dynamic Technology Lab Private Ltd has acquired 4,730 shares of Stantec Inc. valued at approximately $392,000 during the first quarter, as reported in their recent 13F filing.
• Stantec Inc. has announced a quarterly dividend increase to $0.1635 per share, providing a yield of 0.6% based on its recent performance.
• Stantec reported $1.17 billion in revenue for the last quarter, falling short of analysts' expectations of $1.64 billion, while maintaining a net margin of 5.62%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,730 shares of the business services provider's stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STN. Mackenzie Financial Corp grew its holdings in Stantec by 166.5% during the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after acquiring an additional 13,958,790 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Stantec by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock valued at $359,131,000 after purchasing an additional 964,188 shares during the last quarter. Royal Bank of Canada raised its position in Stantec by 9.5% during the 4th quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock worth $236,055,000 after buying an additional 261,705 shares during the last quarter. Intact Investment Management Inc. raised its position in Stantec by 781.2% during the 1st quarter. Intact Investment Management Inc. now owns 186,118 shares of the business services provider's stock worth $15,429,000 after buying an additional 164,998 shares during the last quarter. Finally, Millennium Management LLC raised its position in Stantec by 68.6% during the 4th quarter. Millennium Management LLC now owns 301,833 shares of the business services provider's stock worth $23,672,000 after buying an additional 122,814 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Stantec Price Performance

STN traded up $0.12 on Wednesday, hitting $110.31. 11,826 shares of the company's stock were exchanged, compared to its average volume of 171,584. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week 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 firm has a 50-day moving average price of $109.47 and a 200-day moving average price of $99.28. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 40.31 and a beta of 1.06.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current 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 $0.1635 dividend. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec's payout ratio is presently 24.09%.

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.