Hsbc Holdings PLC Has $21.12 Million Stock Holdings in Stantec Inc. $STN

Key Points

• Hsbc Holdings PLC increased its stake in Stantec Inc. by 19.2%, owning approximately 0.22% of the company, valued at $21.1 million as of the latest SEC filing.
• Stantec has recently declared a quarterly dividend of $0.1635, showing a positive increase from their previous dividend, with a current annual yield of 0.6%.
• Wall Street analysts maintain a consensus rating of "Buy" for Stantec, with multiple firms reiterating an outperform rating amidst growth forecasts.

Hsbc Holdings PLC grew its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 19.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 255,516 shares of the business services provider's stock after acquiring an additional 41,182 shares during the period. Hsbc Holdings PLC owned 0.22% of Stantec worth $21,119,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Stantec by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 467,851 shares of the business services provider's stock valued at $38,774,000 after acquiring an additional 60,225 shares during the last quarter. Aviso Financial Inc. lifted its stake in shares of Stantec by 61.9% in the 1st quarter. Aviso Financial Inc. now owns 40,266 shares of the business services provider's stock valued at $3,339,000 after acquiring an additional 15,392 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of Stantec by 9.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 216,924 shares of the business services provider's stock valued at $17,983,000 after acquiring an additional 18,920 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Stantec by 18.2% in the 1st quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock valued at $4,128,000 after acquiring an additional 7,671 shares during the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Stantec by 2,094.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 6,497 shares of the business services provider's stock valued at $538,000 after acquiring an additional 6,201 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Up 0.5%

Shares of STN stock traded up $0.52 during mid-day trading on Thursday, hitting $109.95. The company's stock had a trading volume of 57,441 shares, compared to its average volume of 173,930. The company's fifty day simple moving average is $109.15 and its 200-day simple moving average is $96.27. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $113.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $12.54 billion, a PE ratio of 40.13 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.17 billion during 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 expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

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

Analyst Ratings Changes

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

Stantec 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.