Federation des caisses Desjardins du Quebec Decreases Stock Holdings in 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 trimmed its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 42.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 133,613 shares of the business services provider's stock after selling 97,106 shares during the period. Federation des caisses Desjardins du Quebec owned about 0.12% of Stantec worth $11,065,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in Stantec in the 1st quarter worth about $26,000. Tower Research Capital LLC TRC grew its position in shares of Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after acquiring an additional 424 shares during the period. Parallel Advisors LLC lifted its stake 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 buying an additional 239 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Stantec during the 1st quarter valued at approximately $85,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Stantec during the 1st quarter valued at approximately $97,000. 63.86% of the stock is owned by institutional investors.

Stantec Trading Down 0.3%

Shares of NYSE:STN traded down $0.36 on Monday, hitting $107.69. The company had a trading volume of 40,491 shares, compared to its average volume of 171,965. The firm's 50-day simple moving average is $109.40 and its two-hundred day simple moving average is $98.07. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 39.29 and a beta of 1.07.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued 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. The business had revenue of $1.17 billion during 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. Equities analysts anticipate that Stantec Inc. will post 3.05 earnings per share 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 given a $0.1635 dividend. The ex-dividend date is Monday, September 29th. 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 dividend yield of 0.6%. Stantec's dividend payout ratio (DPR) is currently 24.09%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on STN shares. TD Securities restated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. CIBC reiterated 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of "Buy".

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.