Stantec Inc. $STN Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 464,243 shares of the business services provider's stock after selling 42,001 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.41% of Stantec worth $50,546,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in STN. The Manufacturers Life Insurance Company increased its position in shares of Stantec by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock worth $359,131,000 after purchasing an additional 964,188 shares in the last quarter. Intact Investment Management Inc. increased its position in shares of Stantec by 781.2% during the first quarter. Intact Investment Management Inc. now owns 186,118 shares of the business services provider's stock worth $15,429,000 after purchasing an additional 164,998 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Stantec by 1,520.4% during the first quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider's stock worth $13,418,000 after purchasing an additional 152,037 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Stantec by 6.5% during the first quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider's stock worth $156,618,000 after purchasing an additional 115,849 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Stantec by 33.7% during the first quarter. Russell Investments Group Ltd. now owns 418,449 shares of the business services provider's stock worth $34,625,000 after purchasing an additional 105,448 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STN has been the subject of several research reports. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stantec in a research report on Wednesday. Finally, CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".

Stantec Stock Up 1.8%

Shares of NYSE:STN opened at $113.09 on Thursday. The stock has a market cap of $12.90 billion, a P/E ratio of 41.27 and a beta of 1.04. 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 52-week low of $73.18 and a 52-week high of $113.50. The business has a fifty day moving average of $108.97 and a two-hundred day moving average of $102.09.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations 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. On average, research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.1635 per share. The ex-dividend date is Monday, September 29th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is currently 24.09%.

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.

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