Stantec Inc. $STN Position Increased by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Stantec Inc. by 9.6%, owning approximately 216,924 shares valued at $17.98 million following the purchase of 18,920 additional shares.
• Multiple hedge funds have recently adjusted their holdings in Stantec, with Russell Investments Group Ltd. increasing its position by 33.7% to own 418,449 shares worth $34.63 million.
• Stantec announced a quarterly dividend of $0.1635 per share, reflecting an increase from the previous dividend, yielding an annualized dividend of $0.65.

Northwest & Ethical Investments L.P. grew its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,924 shares of the business services provider's stock after purchasing an additional 18,920 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.19% of Stantec worth $17,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp raised its stake in Stantec by 166.5% during the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after acquiring an additional 13,958,790 shares in the last quarter. Vanguard Group Inc. raised its stake in Stantec by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider's stock worth $383,352,000 after acquiring an additional 49,857 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Stantec by 19.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock worth $262,791,000 after acquiring an additional 542,305 shares in the last quarter. Royal Bank of Canada raised its stake in Stantec by 9.5% during the 4th quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock worth $236,055,000 after acquiring an additional 261,705 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Stantec by 4.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock worth $172,530,000 after acquiring an additional 97,496 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Price Performance

Shares of STN stock traded up $2.31 during midday trading on Thursday, reaching $108.32. 124,581 shares of the company were exchanged, compared to its average volume of 174,378. The company's 50 day moving average price is $108.95 and its two-hundred day moving average price is $95.13. The company has a market cap of $12.36 billion, a P/E ratio of 39.53 and a beta of 1.03. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44.

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 analysts' expectations 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 earnings per share for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a dividend of $0.1635 per share. The ex-dividend date of this dividend 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 yield of 0.6%. Stantec's dividend payout ratio is presently 24.09%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on STN. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, May 16th. TD Securities reissued a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Finally, CIBC reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Stantec currently 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.