Quantbot Technologies LP Trims Stock Holdings in Stantec Inc. $STN

Key Points

• Quantbot Technologies LP has reduced its stake in Stantec Inc. by 31.7%, owning 6,235 shares after selling 2,899 shares in the first quarter.
• Stantec announced a quarterly dividend increase to $0.1635, with shareholders eligible on September 29, representing an annualized yield of 0.6%.
• Seven analysts currently rate Stantec as a "Buy," with a consensus rating reflecting a positive outlook for the stock.

Quantbot Technologies LP reduced its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 31.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,235 shares of the business services provider's stock after selling 2,899 shares during the period. Quantbot Technologies LP's holdings in Stantec were worth $517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STN. Mariner LLC lifted its holdings in shares of Stantec by 4.2% in the fourth 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 in the last quarter. Parallel Advisors LLC increased its position in shares of Stantec by 37.6% in the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after acquiring an additional 239 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after acquiring an additional 424 shares during the last quarter. ELCO Management Co. LLC increased its position in shares of Stantec by 9.8% in the first quarter. ELCO Management Co. LLC now owns 7,337 shares of the business services provider's stock valued at $608,000 after acquiring an additional 653 shares during the last quarter. Finally, Union Bancaire Privee UBP SA increased its position in shares of Stantec by 4.7% in the first quarter. Union Bancaire Privee UBP SA now owns 21,696 shares of the business services provider's stock valued at $1,810,000 after acquiring an additional 972 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Down 1.2%

NYSE STN traded down $1.27 on Friday, reaching $108.76. The company had a trading volume of 117,737 shares, compared to its average volume of 205,749. 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 business has a 50 day moving average of $109.30 and a two-hundred day moving average of $96.70. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 39.69 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting analysts' consensus estimates of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. 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 given a dividend of $0.1635 per share. This is a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. Stantec's payout ratio is currently 24.09%.

Analyst Ratings Changes

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