Korea Investment CORP Decreases Stock Position in Stantec Inc. $STN

Key Points

• Korea Investment CORP has reduced its holdings in Stantec Inc. by 10.5%, now owning approximately 0.10% of the company, with a reported value of $9,012,000.
• Stantec recently announced an increase in its quarterly dividend to $0.1635 per share, reflecting a 0.6% dividend yield, and will be payable on October 15th.
• Stantec reported a net income margin of 5.62% and reaffirmed its fiscal year 2025 earnings guidance of $3.784-3.880 EPS after hitting quarterly earnings expectations.

Korea Investment CORP cut its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 10.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,745 shares of the business services provider's stock after selling 12,800 shares during the period. Korea Investment CORP owned about 0.10% of Stantec worth $9,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mariner LLC boosted its position 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 worth $383,000 after buying an additional 195 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Stantec by 37.6% in 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. Tower Research Capital LLC TRC boosted its position 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 worth $39,000 after buying an additional 424 shares in the last quarter. ELCO Management Co. LLC boosted its position in shares of Stantec by 9.8% in the 1st quarter. ELCO Management Co. LLC now owns 7,337 shares of the business services provider's stock worth $608,000 after buying an additional 653 shares in the last quarter. Finally, Natixis boosted its position in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock worth $140,000 after buying an additional 952 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Scotiabank restated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Stantec Trading Up 2.5%

Shares of STN stock opened at $110.83 on Friday. The firm has a market cap of $12.64 billion, a P/E ratio of 40.45 and a beta of 1.03. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The firm's 50-day simple moving average is $109.04 and its 200-day simple moving average is $95.60.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced 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. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates 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. As a group, equities analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.1635 per share. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, September 29th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 24.09%.

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.

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