Toronto Dominion Bank cut its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,835 shares of the business services provider's stock after selling 10,284 shares during the period. Toronto Dominion Bank owned about 0.32% of Stantec worth $28,825,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Stantec by 9.5% in the fourth 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. Quantinno Capital Management LP raised its holdings in shares of Stantec by 22.5% in the fourth quarter. Quantinno Capital Management LP now owns 11,325 shares of the business services provider's stock valued at $888,000 after purchasing an additional 2,081 shares during the last quarter. Man Group plc raised its holdings in shares of Stantec by 8.3% in the fourth quarter. Man Group plc now owns 595,583 shares of the business services provider's stock valued at $46,704,000 after purchasing an additional 45,814 shares during the last quarter. Numerai GP LLC raised its holdings in shares of Stantec by 87.2% in the fourth quarter. Numerai GP LLC now owns 42,340 shares of the business services provider's stock valued at $3,322,000 after purchasing an additional 19,726 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Stantec by 68.6% in the fourth quarter. Millennium Management LLC now owns 301,833 shares of the business services provider's stock valued at $23,672,000 after purchasing an additional 122,814 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. TD Securities reiterated a "buy" rating on shares of Stantec in a report on Friday, May 16th. Wall Street Zen upgraded shares of Stantec from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James upgraded shares of Stantec from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 26th. Scotiabank restated an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. Finally, Royal Bank of Canada restated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Check Out Our Latest Stock Report on Stantec
Stantec Stock Up 1.2%
STN traded up $1.23 during trading on Friday, reaching $101.94. 167,273 shares of the stock were exchanged, compared to its average volume of 144,681. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $103.32. The stock has a market cap of $11.63 billion, a P/E ratio of 46.34 and a beta of 0.98. The stock's 50 day moving average price is $88.46 and its two-hundred day moving average price is $83.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42.
Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Stantec had a net margin of 4.78% and a return on equity of 16.57%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. Equities analysts expect that Stantec Inc. will post 3.05 EPS for the current year.
Stantec Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1612 dividend. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, June 30th. Stantec's payout ratio is currently 25.62%.
About Stantec
(
Free Report)
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.
See Also
Before you consider Stantec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stantec wasn't on the list.
While Stantec currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
