Stantec Inc. $STN Shares Sold by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC has reduced its stake in Stantec Inc. by 64% during the first quarter, leaving it with 6,587 shares valued at approximately $546,000.
• Several institutional investors, such as Mackenzie Financial Corp and Vanguard Group Inc., have significantly increased their positions in Stantec, with Mackenzie growing its stake by 166.5%.
• Stantec announced a quarterly dividend increase to $0.1635 per share, representing an annualized yield of 0.6%, with the ex-dividend date set for September 29th.

Neuberger Berman Group LLC reduced its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 64.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,587 shares of the business services provider's stock after selling 11,696 shares during the quarter. Neuberger Berman Group LLC's holdings in Stantec were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased 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 worth $39,000 after buying an additional 424 shares during the period. Parallel Advisors LLC lifted its stake in 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 buying an additional 239 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in Stantec in the first quarter valued at approximately $85,000. Versant Capital Management Inc purchased a new stake in Stantec in the first quarter valued at approximately $97,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Stantec in the first quarter valued at approximately $99,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Price Performance

Stantec stock traded up $1.3150 during trading hours on Thursday, hitting $107.3250. The stock had a trading volume of 21,376 shares, compared to its average volume of 173,715. 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 stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 39.19 and a beta of 1.03. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. The stock's fifty day moving average is $108.95 and its two-hundred day moving average is $95.13.

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 for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates 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. As a group, 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. Investors of record on Monday, September 29th will be paid 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 dividend yield of 0.6%. Stantec's dividend payout ratio is 24.09%.

Wall Street Analyst Weigh In

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