Stantec Inc. $STN Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its holdings in Stantec Inc. by 24.3% during the second quarter, owning 711,935 shares worth approximately $77.3 million.
• Stantec recently increased its quarterly dividend to $0.1635 per share, representing an annualized yield of 0.6% and a payout ratio of 24.09%.
• The company reported $0.98 EPS for the last quarter, meeting consensus estimates, while it projects 3.05 EPS for the current year.

Allianz Asset Management GmbH increased its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 24.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 711,935 shares of the business services provider's stock after acquiring an additional 139,120 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.62% of Stantec worth $77,307,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of STN. Canopy Partners LLC raised its stake in Stantec by 3.8% during the second quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider's stock valued at $313,000 after buying an additional 104 shares in the last quarter. Pembroke Management LTD raised its stake in Stantec by 3.4% during the first quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider's stock valued at $574,000 after buying an additional 231 shares in the last quarter. Signaturefd LLC raised its stake in Stantec by 5.7% during the second quarter. Signaturefd LLC now owns 5,316 shares of the business services provider's stock valued at $578,000 after buying an additional 289 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Stantec during the first quarter valued at approximately $26,000. Finally, Assenagon Asset Management S.A. raised its stake in Stantec by 10.6% during the second quarter. Assenagon Asset Management S.A. now owns 3,709 shares of the business services provider's stock valued at $403,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Stantec in a research note on Wednesday, October 8th. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, CIBC reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

Stantec Stock Down 1.7%

NYSE:STN opened at $110.30 on Friday. The firm has a market capitalization of $12.58 billion, a PE ratio of 40.26 and a beta of 1.04. The stock has a 50 day moving average of $109.13 and a 200-day moving average of $103.24. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $113.87. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results 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 during 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. Analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a $0.1635 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. Stantec's dividend payout ratio is currently 24.09%.

About Stantec

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.

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