Royal Bank of Canada Acquires 8,268 Shares of 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 grew its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,017,230 shares of the business services provider's stock after buying an additional 8,268 shares during the quarter. Royal Bank of Canada owned approximately 2.65% of Stantec worth $249,946,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vident Advisory LLC lifted its position in Stantec by 42.5% during the 1st quarter. Vident Advisory LLC now owns 4,081 shares of the business services provider's stock worth $338,000 after buying an additional 1,218 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock worth $359,131,000 after buying an additional 964,188 shares in the last quarter. Magnetar Financial LLC bought a new stake in Stantec during the 1st quarter worth about $539,000. Canada Pension Plan Investment Board lifted its position in Stantec by 10.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 614,353 shares of the business services provider's stock worth $50,931,000 after buying an additional 59,203 shares in the last quarter. Finally, Pembroke Management LTD lifted its position in Stantec by 3.4% during the 1st quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider's stock worth $574,000 after buying an additional 231 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Stock Performance

Shares of NYSE STN traded down $1.17 during mid-day trading on Friday, reaching $108.12. 137,175 shares of the company were exchanged, compared to its average volume of 186,290. The company's 50-day simple moving average is $109.40 and its 200-day simple moving average is $98.07. 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 $12.33 billion, a P/E ratio of 39.46 and a beta of 1.07. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.98. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations 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, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

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

Wall Street Analyst Weigh In

STN has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. TD Securities restated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy".

Stantec Company Profile

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.