American Century Companies Inc. Purchases 7,671 Shares of Stantec Inc. $STN

Key Points

• American Century Companies Inc. increased its holdings in Stantec Inc. by 18.2%, owning a total of 49,805 shares, worth approximately $4.13 million.
• Multiple institutional investors have shown confidence in Stantec, with Dimensional Fund Advisors increasing its position by 13.1% and BNP Paribas boosting its holdings by 114.3% in recent quarters.
• Stantec recently announced a dividend increase to $0.1635 per share, marking a boost from the previous dividend amount, with a yield of 0.6%.

American Century Companies Inc. raised its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 18.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,805 shares of the business services provider's stock after acquiring an additional 7,671 shares during the period. American Century Companies Inc.'s holdings in Stantec were worth $4,128,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in STN. Gulf International Bank UK Ltd lifted its holdings in Stantec by 2,094.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 6,497 shares of the business services provider's stock worth $538,000 after purchasing an additional 6,201 shares during the last quarter. Russell Investments Group Ltd. increased its position in Stantec by 33.7% during the 1st quarter. Russell Investments Group Ltd. now owns 418,449 shares of the business services provider's stock worth $34,625,000 after buying an additional 105,448 shares during the period. Nuveen LLC acquired a new stake in shares of Stantec during the first quarter worth $6,652,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stantec by 4.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock worth $172,530,000 after buying an additional 97,496 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Stantec by 4.0% in the first quarter. National Bank of Canada FI now owns 1,539,541 shares of the business services provider's stock valued at $127,541,000 after acquiring an additional 59,812 shares during the period. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

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

Stantec Price Performance

Shares of STN traded up $0.32 during midday trading on Wednesday, hitting $108.56. The company's stock had a trading volume of 36,667 shares, compared to its average volume of 173,082. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a one year low of $73.18 and a one year high of $113.50. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 39.60 and a beta of 1.06. The company's fifty day simple moving average is $109.37 and its two-hundred day simple moving average is $97.27.

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 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts expect 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 $0.1635 dividend. This represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is currently 24.09%.

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.