Stantec Inc. $STN Stock Holdings Increased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Stantec Inc. by 39.5%, owning 685,175 shares worth approximately $74.4 million after acquiring an additional 194,000 shares in Q2.
• Several institutional investors, including Vanguard Group and The Manufacturers Life Insurance Company, also boosted their positions in Stantec during Q1, indicating strong interest from large financial entities.
• Stantec recently increased its quarterly dividend to $0.1635 per share, representing an annualized dividend of $0.65 and a yield of 0.6%, with a payout ratio of 24.09%.

DekaBank Deutsche Girozentrale boosted its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 39.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 685,175 shares of the business services provider's stock after purchasing an additional 194,000 shares during the period. DekaBank Deutsche Girozentrale owned about 0.60% of Stantec worth $74,401,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in STN. Vanguard Group Inc. grew its holdings in shares of Stantec by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider's stock valued at $383,352,000 after acquiring an additional 49,857 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 valued at $359,131,000 after purchasing an additional 964,188 shares during the last quarter. Royal Bank of Canada grew its stake in Stantec by 0.3% in the first quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider's stock valued at $249,946,000 after purchasing an additional 8,268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Stantec by 4.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock valued at $172,530,000 after purchasing an additional 97,496 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Stantec by 6.5% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

STN has been the subject of several research reports. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Stantec in a research report on Wednesday, October 8th. CIBC reissued an "outperform" rating on shares of Stantec in a research report on Monday. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Stantec Stock Performance

Shares of NYSE STN opened at $113.38 on Wednesday. The business's 50-day simple moving average is $109.29 and its 200-day simple moving average is $103.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $113.87. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 41.38 and a beta of 1.04.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a dividend of $0.1635 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's 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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