The Manufacturers Life Insurance Company Has $359.13 Million Stock Holdings in Stantec Inc. $STN

Key Points

• The Manufacturers Life Insurance Company increased its stake in Stantec Inc. by 28.8%, owning approximately 3.78% of the company’s shares, valued at $359.1 million.
• Stantec recently announced a quarterly dividend of $0.1635 per share, up from its previous dividend of $0.16, and will be paid on October 15th.
• Wall Street analysts maintain a consensus "Buy" rating for Stantec, with several firms restating or upgrading their ratings in recent months.

The Manufacturers Life Insurance Company boosted its stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 28.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,309,182 shares of the business services provider's stock after buying an additional 964,188 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 3.78% of Stantec worth $359,131,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Wealth Preservation Advisors LLC acquired a new stake in shares of Stantec during the 1st quarter worth $26,000. Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock worth $39,000 after buying an additional 424 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Stantec by 37.6% during the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock worth $72,000 after buying an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Stantec during the 1st quarter worth $85,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Stantec during the 1st quarter worth $97,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Down 0.4%

Shares of NYSE:STN traded down $0.41 during trading on Tuesday, reaching $108.26. 146,149 shares of the company traded hands, compared to its average volume of 173,787. The firm has a fifty day simple moving average of $109.34 and a 200 day simple moving average of $97.20. The firm has a market cap of $12.35 billion, a P/E ratio of 39.51 and a beta of 1.07. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. 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 (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, meeting analysts' consensus estimates of $0.98. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently announced 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 payout ratio is 24.09%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Securities reiterated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. CIBC reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Finally, Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy".

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.