Gulf International Bank UK Ltd grew its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 2,094.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,497 shares of the business services provider's stock after purchasing an additional 6,201 shares during the quarter. Gulf International Bank UK Ltd's holdings in Stantec were worth $538,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of STN. Envestnet Asset Management Inc. bought a new position in shares of Stantec in the 4th quarter valued at about $205,000. Barclays PLC boosted its stake in shares of Stantec by 35.3% in the 4th quarter. Barclays PLC now owns 41,931 shares of the business services provider's stock valued at $3,289,000 after purchasing an additional 10,930 shares during the last quarter. Mariner LLC boosted its stake in shares of Stantec by 4.2% in the 4th quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after purchasing an additional 195 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Stantec by 41.2% in the 4th quarter. XTX Topco Ltd now owns 5,878 shares of the business services provider's stock valued at $461,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Stantec by 132.6% in the 4th quarter. Marshall Wace LLP now owns 52,038 shares of the business services provider's stock valued at $4,082,000 after purchasing an additional 29,667 shares during the last quarter. Institutional investors own 63.86% of the company's stock.
Stantec Trading Up 1.9%
Shares of NYSE:STN traded up $2.0370 during mid-day trading on Friday, reaching $110.1670. The stock had a trading volume of 41,911 shares, compared to its average volume of 173,725. The firm has a market cap of $12.57 billion, a PE ratio of 40.21 and a beta of 1.03. The firm has a 50 day simple moving average of $108.96 and a two-hundred day simple moving average of $95.36. The company has a current ratio of 1.44, a quick 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 $113.50.
Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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, research analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.
Stantec Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.1635 per share. 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 dividend payout ratio is 24.09%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on STN. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Finally, CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, Stantec presently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on STN
About Stantec
(
Free Report)
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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