Wellington Management Group LLP Increases Stock Position in Stantec Inc. $STN

Key Points

• Wellington Management Group LLP increased its holdings in Stantec Inc. by 14.8%, owning over 467,851 shares valued at approximately $38.77 million as of its latest filing.
• Stantec recently declared a quarterly dividend increase to $0.1635 per share, up from $0.16, with an annualized yield of 0.6%.
• The company reported $1.17 billion in revenue for the last quarter, matching the consensus earnings estimate of $0.98 per share.

Wellington Management Group LLP grew its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,851 shares of the business services provider's stock after purchasing an additional 60,225 shares during the quarter. Wellington Management Group LLP owned about 0.41% of Stantec worth $38,774,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after purchasing an additional 424 shares in the last quarter. Parallel Advisors LLC raised its holdings in Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after purchasing an additional 239 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Stantec in the 1st quarter worth $85,000. Versant Capital Management Inc bought a new position in Stantec in the 1st quarter worth $97,000. Finally, Banque Cantonale Vaudoise bought a new position in Stantec in the 1st quarter worth $99,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Up 0.5%

STN stock traded up $0.52 during trading on Thursday, hitting $109.95. 57,441 shares of the stock traded hands, compared to its average volume of 173,930. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The firm's 50 day moving average is $109.15 and its two-hundred day moving average is $96.27. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 40.13 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 (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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. On average, sell-side analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is 24.09%.

Analyst Upgrades and Downgrades

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