PDT Partners LLC Grows Stock Holdings in Stantec Inc. $STN

Key Points

• PDT Partners LLC increased its holdings in Stantec Inc. by 159.8% in the first quarter, owning 21,838 shares valued at approximately $1.81 million.
• Stantec announced a quarterly dividend of $0.1635, an increase from the previous $0.16, with an annualized payout yield of 0.6%.
• The company's stock performance showed a 1-year range between $73.18 and $113.50, with a market capitalization of $12.35 billion.

PDT Partners LLC raised its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 159.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,838 shares of the business services provider's stock after acquiring an additional 13,432 shares during the period. PDT Partners LLC's holdings in Stantec were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in Stantec by 166.5% in the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after buying an additional 13,958,790 shares during the period. The Manufacturers Life Insurance Company grew 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 acquiring an additional 964,188 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Stantec in the fourth quarter valued at $56,191,000. Royal Bank of Canada raised its stake in Stantec by 9.5% in the 4th quarter. Royal Bank of Canada now owns 3,008,962 shares of the business services provider's stock valued at $236,055,000 after purchasing an additional 261,705 shares during the last quarter. Finally, Intact Investment Management Inc. increased its position in Stantec by 781.2% during the 1st 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. 63.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STN has been the topic of several research analyst reports. TD Securities restated a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Finally, CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy".

Stantec Stock Performance

Shares of NYSE:STN traded down $0.40 during midday trading on Monday, reaching $107.65. 39,852 shares of the company's stock traded hands, compared to its average volume of 171,946. 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 of $109.40 and a 200 day moving average of $98.07. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 39.30 and a beta of 1.07. Stantec Inc. has a one year low of $73.18 and a one year high of $113.50.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The company 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. As a group, equities research analysts anticipate 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 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. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio 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.