Invesco Ltd. Sells 54,232 Shares of Stantec Inc. $STN

Key Points

• Invesco Ltd. reduced its holdings in Stantec Inc. by 7.9%, owning 629,421 shares valued at approximately $52.14 million at the end of the recent quarter.
• Several other institutional investors have increased their stakes in Stantec, with Mackenzie Financial Corp. boosting its position by 166.5% during the last quarter.
• Stantec has declared a quarterly dividend of $0.1635, showing a slight increase from the previous $0.16, with an ex-dividend date of September 29th.

Invesco Ltd. trimmed its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 629,421 shares of the business services provider's stock after selling 54,232 shares during the period. Invesco Ltd. owned about 0.55% of Stantec worth $52,141,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after buying an additional 424 shares during the period. Parallel Advisors LLC lifted its position 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 worth $72,000 after buying an additional 239 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Stantec during the 1st quarter worth approximately $85,000. Versant Capital Management Inc purchased a new position in Stantec in the first quarter valued at approximately $97,000. Finally, Banque Cantonale Vaudoise purchased a new position in Stantec in the first quarter valued at approximately $99,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Performance

STN traded up $2.17 during mid-day trading on Friday, reaching $110.30. 37,035 shares of the company traded hands, compared to its average volume of 173,661. 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 stock has a market capitalization of $12.58 billion, a P/E ratio of 40.25 and a beta of 1.03. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.50. The company's fifty day moving average price is $108.96 and its 200-day moving average price is $95.36.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently declared 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 a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio is 24.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. TD Securities reissued a "buy" 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 report on Saturday, August 16th. Finally, CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

About Stantec

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.