UniSuper Management Pty Ltd Acquires 24,896 Shares of Stantec Inc. $STN

Key Points

• UniSuper Management Pty Ltd significantly increased its stake in Stantec Inc. by 1,131.6%, now owning 27,096 shares valued at $2,245,000 as of the latest SEC filing.
• Stantec reported a quarterly EPS of $0.98, meeting expectations, but fell short on revenue, achieving $1.17 billion against a projected $1.64 billion.
• The company announced an increase in its quarterly dividend to $0.1635, marking an annualized yield of 0.6%, with dividends set to be paid on October 15th.

UniSuper Management Pty Ltd boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1,131.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,096 shares of the business services provider's stock after purchasing an additional 24,896 shares during the period. UniSuper Management Pty Ltd's holdings in Stantec were worth $2,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in Stantec by 6.5% during the first quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider's stock worth $156,618,000 after purchasing an additional 115,849 shares during the period. Advisors Asset Management Inc. lifted its stake in Stantec by 8.6% during the first quarter. Advisors Asset Management Inc. now owns 50,011 shares of the business services provider's stock worth $4,143,000 after purchasing an additional 3,975 shares during the period. PDT Partners LLC lifted its stake in Stantec by 159.8% during the first quarter. PDT Partners LLC now owns 21,838 shares of the business services provider's stock worth $1,809,000 after purchasing an additional 13,432 shares during the period. Cubist Systematic Strategies LLC bought a new position in Stantec during the first quarter worth about $3,272,000. Finally, Royal Bank of Canada lifted its stake in Stantec by 0.3% during the first quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider's stock worth $249,946,000 after purchasing an additional 8,268 shares during the period. Institutional investors own 63.86% of the company's stock.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of analyst reports. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. CIBC reiterated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".

Stantec Trading Down 0.6%

STN traded down $0.64 during trading on Tuesday, reaching $110.20. 131,526 shares of the company's stock were exchanged, compared to its average volume of 150,838. The company's fifty day moving average price is $109.47 and its 200-day moving average price is $99.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50. The firm has a market capitalization of $12.57 billion, a PE ratio of 40.22 and a beta of 1.06.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion during 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. As a group, equities analysts forecast 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 Wednesday, October 15th. Investors of record on Monday, September 29th will be given a $0.1635 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is presently 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.