Stantec Inc. $STN Shares Purchased by PDT Partners LLC

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

A number of other institutional investors and hedge funds also recently modified their holdings of STN. Wealth Preservation Advisors LLC acquired a new position in Stantec in the 1st quarter valued at about $26,000. Tower Research Capital LLC TRC raised its stake in shares of Stantec by 632.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after acquiring an additional 424 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after acquiring an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Stantec during the first quarter worth $85,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Stantec during the first quarter worth $97,000. 63.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of analyst reports. CIBC reiterated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Wall Street Zen lowered shares of 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 research note on Friday, May 16th. Finally, TD Securities reaffirmed a "buy" rating on shares of Stantec in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Stantec has a consensus rating of "Buy".

Stantec Stock Performance

Shares of STN traded down $1.17 on Friday, reaching $108.12. The company's stock had a trading volume of 137,175 shares, compared to its average volume of 190,658. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50. The stock has a market capitalization of $12.33 billion, a P/E ratio of 39.46 and a beta of 1.06. The stock's 50 day simple moving average is $109.40 and its two-hundred day simple moving average is $97.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts forecast that Stantec Inc. will post 3.05 earnings per share 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 a boost from Stantec's previous quarterly dividend of $0.16. The ex-dividend date is Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec's dividend 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.