Royal Bank of Canada Grows Position in Stantec Inc. $STN

Key Points

• Royal Bank of Canada has increased its holdings in Stantec Inc. by 0.3%, owning 3,017,230 shares worth approximately $249,946,000 as of the latest reporting period.
• Stantec recently announced a quarterly dividend of $0.1635, up from its previous dividend of $0.16, indicated an annualized yield of 0.6%.
• Stantec's earnings showed a reported $0.98 EPS for the last quarter, matching analysts' expectations, despite revenue falling below consensus estimates.

Royal Bank of Canada increased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,017,230 shares of the business services provider's stock after acquiring an additional 8,268 shares during the quarter. Royal Bank of Canada owned approximately 2.65% of Stantec worth $249,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STN. Wealth Preservation Advisors LLC bought a new stake in Stantec during the 1st quarter valued at $26,000. Tower Research Capital LLC TRC lifted its position in Stantec by 632.8% during 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. Parallel Advisors LLC lifted its position in Stantec by 37.6% during 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. GHP Investment Advisors Inc. acquired a new stake in Stantec in the first quarter valued at approximately $85,000. Finally, Versant Capital Management Inc purchased a new position in Stantec in the first quarter worth $97,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

STN traded down $1.17 during trading on Friday, reaching $108.12. 137,175 shares of the company's stock were exchanged, compared to its average volume of 172,766. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The company's fifty day simple moving average is $109.43 and its 200-day simple moving average is $97.57. The stock has a market capitalization of $12.33 billion, a P/E ratio of 39.46 and a beta of 1.06.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data 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 net margin of 5.62% and a return on equity of 19.03%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.1635 per share. This represents a $0.65 dividend on an annualized basis 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 dividend payout ratio (DPR) is 24.09%.

Wall Street Analyst Weigh In

Several analysts have recently commented on STN shares. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Royal Bank Of Canada reaffirmed 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 report on Friday, May 16th. Finally, CIBC reiterated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, 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.