BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Holdings in Stantec Inc. $STN

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Stantec Inc. by 25.6%, owning 64,312 shares valued at approximately $5.33 million as of the end of the first quarter.
• Stantec's recent quarterly earnings report showed earnings per share (EPS) of $0.98, aligning with expectations, but its revenue of $1.17 billion fell short of the consensus estimate of $1.64 billion.
• The company announced an increase in its quarterly dividend to $0.1635 per share, reflecting a positive change from the previous dividend and a payout ratio of 24.09%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,312 shares of the business services provider's stock after acquiring an additional 13,115 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Stantec worth $5,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Stantec by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock worth $20,699,000 after acquiring an additional 30,629 shares in the last quarter. BNP Paribas Financial Markets grew its position in Stantec by 114.3% in the fourth quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock worth $1,858,000 after acquiring an additional 12,627 shares in the last quarter. Jane Street Group LLC grew its position in Stantec by 199.0% in the fourth 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 in the last quarter. American Century Companies Inc. grew its position in Stantec by 18.2% in the first quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock worth $4,128,000 after acquiring an additional 7,671 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Stantec in the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Trading Down 1.2%

Shares of NYSE:STN traded down $1.27 during trading hours on Friday, hitting $108.76. 117,737 shares of the company's stock traded hands, compared to its average volume of 202,497. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The business has a fifty day moving average price of $109.30 and a 200-day moving average price of $96.98. The firm has a market capitalization of $12.41 billion, a P/E ratio of 39.69 and a beta of 1.07. 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 results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.98. The firm 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. Equities analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company 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 $0.1635 dividend. The ex-dividend date is Monday, September 29th. This is a positive change 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 (DPR) is presently 23.36%.

Analyst Upgrades and Downgrades

STN has been the subject of several recent research reports. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. CIBC restated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. TD Securities restated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently 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.