Generali Asset Management SPA SGR Makes New $1.62 Million Investment in Stantec Inc. $STN

Key Points

• Generali Asset Management SPA SGR has made a new investment in Stantec Inc., purchasing 14,930 shares valued at approximately $1.62 million in the second quarter.
• Stantec's quarterly earnings report reflected earnings of $0.98 per share, meeting analysts' expectations, while the company has set fiscal year 2025 guidance for earnings per share between 3.784 and 3.880.
• Stantec recently increased its quarterly dividend to $0.1635, with an annualized yield of 0.6% and a payout ratio of 24.09%.

Generali Asset Management SPA SGR purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,930 shares of the business services provider's stock, valued at approximately $1,623,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Yousif Capital Management LLC acquired a new stake in shares of Stantec in the second quarter valued at approximately $202,000. Prostatis Group LLC acquired a new stake in shares of Stantec in the second quarter valued at approximately $205,000. CWM LLC raised its position in shares of Stantec by 86.6% in the second quarter. CWM LLC now owns 3,177 shares of the business services provider's stock valued at $345,000 after buying an additional 1,474 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Stantec by 24.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,036 shares of the business services provider's stock valued at $1,417,000 after buying an additional 2,530 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Stantec during the second quarter valued at approximately $3,727,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Stantec in a research report on Wednesday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday. 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, CIBC reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec has an average rating of "Buy".

Stantec Stock Performance

Shares of Stantec stock opened at $109.97 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $113.87. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 40.13 and a beta of 1.04. The company's fifty day moving average is $109.14 and its 200 day moving average is $103.42.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued 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. 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. Sell-side analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a $0.1635 dividend. The ex-dividend date was Monday, September 29th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec's dividend payout ratio (DPR) 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.

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