Union Bancaire Privee UBP SA Has $4.05 Million Stock Position in Stantec Inc. $STN

Key Points

• Union Bancaire Privee UBP SA increased its holdings in Stantec Inc. by 71.6% during Q2, amounting to a total of $4.05 million in shares.
• Stantec recently announced a quarterly dividend of $0.1635, up from its previous dividend of $0.16, with a payout ratio of 24.09%.
• Stantec's latest earnings report revealed EPS of $0.98, matching consensus estimates, but it reported revenue below expectations at $1.17 billion.

Union Bancaire Privee UBP SA grew its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 71.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,222 shares of the business services provider's stock after purchasing an additional 15,526 shares during the period. Union Bancaire Privee UBP SA's holdings in Stantec were worth $4,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STN. Versant Capital Management Inc acquired a new position in shares of Stantec during the 1st quarter worth approximately $97,000. Parallel Advisors LLC grew its position 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 purchasing an additional 239 shares in the last quarter. Louisbourg Investments Inc. grew its position in shares of Stantec by 35.5% during the 1st quarter. Louisbourg Investments Inc. now owns 59,365 shares of the business services provider's stock worth $4,926,000 after purchasing an additional 15,546 shares in the last quarter. Intact Investment Management Inc. grew 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 worth $15,429,000 after purchasing an additional 164,998 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Stantec during the 1st quarter worth approximately $85,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on STN shares. CIBC restated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Stantec Stock Performance

Shares of Stantec stock opened at $105.55 on Tuesday. The company has a 50 day moving average of $108.95 and a 200-day moving average of $101.02. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $113.50. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The company has a market cap of $12.04 billion, a PE ratio of 38.52 and a beta of 1.07.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting analysts' consensus estimates of $0.98. The company had revenue of $1.17 billion during 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. As a group, equities research analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be paid a $0.1635 dividend. This represents a $0.65 annualized dividend 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.

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