Triasima Portfolio Management inc. Invests $3.73 Million in Stantec Inc. $STN

Key Points

• Triasima Portfolio Management Inc. invested approximately $3.73 million in Stantec Inc., acquiring 34,319 shares during the 2nd quarter, according to their 13F filing.
• Stantec recently announced a quarterly dividend increase to $0.1635 per share, up from the previous $0.16, with a payment date set for October 15th.
• Wall Street analysts generally have a positive outlook on Stantec, with multiple ratings indicating a strong interest, including a majority recommending a buy rating.

Triasima Portfolio Management inc. acquired a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,319 shares of the business services provider's stock, valued at approximately $3,727,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STN. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock worth $359,131,000 after purchasing an additional 964,188 shares during the period. Intact Investment Management Inc. boosted its position in shares of Stantec by 781.2% during the 1st quarter. Intact Investment Management Inc. now owns 186,118 shares of the business services provider's stock valued at $15,429,000 after acquiring an additional 164,998 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Stantec by 1,520.4% during the 1st quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider's stock valued at $13,418,000 after acquiring an additional 152,037 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Stantec by 6.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider's stock valued at $156,618,000 after acquiring an additional 115,849 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Stantec by 33.7% during the 1st quarter. Russell Investments Group Ltd. now owns 418,449 shares of the business services provider's stock valued at $34,625,000 after acquiring an additional 105,448 shares in the last quarter. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stantec in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

Stantec Price Performance

NYSE:STN opened at $111.29 on Wednesday. The firm has a market cap of $12.70 billion, a PE ratio of 40.62 and a beta of 1.04. Stantec Inc. has a 12 month low of $73.18 and a 12 month 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. The company's 50-day moving average price is $108.91 and its two-hundred day moving average price is $102.01.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates 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. On average, equities analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a $0.1635 dividend. This is a boost from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio is presently 24.09%.

Stantec 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.

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