Russell Investments Group Ltd. Buys 105,448 Shares of Stantec Inc. $STN

Key Points

• Russell Investments Group Ltd. increased its stake in Stantec Inc. by 33.7%, acquiring an additional 105,448 shares during the first quarter, bringing their total holdings to 418,449 shares valued at approximately $34.6 million.
• Institutional investors collectively own 63.86% of Stantec, with significant increases in holdings reported from firms such as Mackenzie Financial Corp, which boosted its stake by 166.5%.
• Stantec has declared an increase in its quarterly dividend to $0.1635 per share, up from $0.16, with the payout expected on October 15th for stockholders of record as of September 29th.

Russell Investments Group Ltd. increased its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 33.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 418,449 shares of the business services provider's stock after purchasing an additional 105,448 shares during the period. Russell Investments Group Ltd. owned 0.37% of Stantec worth $34,625,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Stantec by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock worth $20,699,000 after purchasing an additional 30,629 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Stantec by 114.3% in the 4th quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock valued at $1,858,000 after buying an additional 12,627 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Stantec by 199.0% during the 4th quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider's stock worth $1,000,000 after acquiring an additional 8,480 shares during the period. Envestnet Asset Management Inc. bought a new position in Stantec in the fourth quarter valued at approximately $205,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stantec by 4.9% during the first 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 purchasing an additional 97,496 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Up 1.0%

Shares of NYSE STN traded up $1.0750 during trading on Tuesday, hitting $107.1350. The stock had a trading volume of 54,034 shares, compared to its average volume of 173,653. The firm has a fifty day moving average of $108.94 and a two-hundred day moving average of $94.96. The company has a market capitalization of $12.22 billion, a PE ratio of 39.10 and a beta of 1.03. 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 12 month low of $73.18 and a 12 month high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, meeting analysts' consensus estimates of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The company 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, equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared 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. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. This is an increase from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, September 29th. Stantec's dividend payout ratio is 24.09%.

Analyst Upgrades and Downgrades

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