Federation des caisses Desjardins du Quebec Sells 97,106 Shares of Stantec Inc. $STN

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Stantec Inc. by 42.1%, now holding approximately 133,613 shares worth about $11 million.
• Stantec recently announced a quarterly dividend increase, now at $0.1635 per share, providing a yield of 0.6% with a payout ratio of 24.09%.
• Stantec reported $0.98 earnings per share for the last quarter, matching analysts' expectations, but revenues fell short at $1.17 billion compared to estimates of $1.64 billion.

Federation des caisses Desjardins du Quebec lowered its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 42.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,613 shares of the business services provider's stock after selling 97,106 shares during the quarter. Federation des caisses Desjardins du Quebec owned approximately 0.12% of Stantec worth $11,065,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STN. Wealth Preservation Advisors LLC bought a new position in Stantec during the first quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Stantec by 37.6% in the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after buying an additional 239 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Stantec in the first quarter worth about $85,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Stantec in the first quarter worth about $97,000. Institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on STN. Wall Street Zen downgraded shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Stantec Stock Down 1.1%

Shares of STN traded down $1.17 during trading hours on Friday, hitting $108.12. The company had a trading volume of 137,175 shares, compared to its average volume of 190,658. 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 stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 39.46 and a beta of 1.06. The firm has a fifty day moving average price of $109.40 and a 200-day moving average price of $97.79. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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. On average, equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.1635 per share. The ex-dividend date is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend 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.