Stantec Inc. $STN Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Stantec Inc. by 2.4% in Q1, owning 265,394 shares worth approximately $21.99 million.
• Stantec recently declared a quarterly dividend increase to $0.1635 per share, with an annualized yield of 0.6% set to be paid on October 15.
• Stantec's last earnings report revealed an EPS of $0.98, meeting analyst expectations, but revenue of $1.17 billion was below the consensus estimate of $1.64 billion.

Charles Schwab Investment Management Inc. cut its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,394 shares of the business services provider's stock after selling 6,413 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.23% of Stantec worth $21,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after acquiring an additional 424 shares during the last quarter. Parallel Advisors LLC increased its stake in Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after acquiring an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in Stantec during the first quarter worth about $85,000. Versant Capital Management Inc acquired a new stake in Stantec during the first quarter worth about $97,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Stantec during the first quarter worth about $99,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Stantec Trading Up 2.2%

Shares of STN opened at $108.32 on Friday. The company has a market capitalization of $12.36 billion, a P/E ratio of 39.53 and a beta of 1.03. Stantec Inc. has a one year low of $73.18 and a one year 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 stock has a 50-day moving average price of $108.96 and a 200 day moving average price of $95.36.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm 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. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.