UniSuper Management Pty Ltd Boosts Stock Position in 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 lifted its position 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 disclosure with the Securities and 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.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Stantec by 114.3% during the fourth quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock worth $1,858,000 after purchasing an additional 12,627 shares during the period. American Century Companies Inc. increased its position in Stantec by 18.2% during the 1st quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock valued at $4,128,000 after purchasing an additional 7,671 shares during the period. Jane Street Group LLC increased its position in Stantec by 199.0% during the 4th quarter. Jane Street Group LLC now owns 12,741 shares of the business services provider's stock valued at $1,000,000 after purchasing an additional 8,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Stantec by 4.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock valued at $172,530,000 after purchasing an additional 97,496 shares during the period. Finally, Nuveen LLC purchased a new position in Stantec during the 1st quarter valued at $6,652,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a report on Friday, May 16th. TD Securities restated a "buy" rating on shares of Stantec in a report on Friday, May 16th. CIBC reiterated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Finally, Wall Street Zen downgraded Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Stantec Price Performance

STN stock opened at $109.13 on Thursday. The firm has a 50 day moving average price of $109.37 and a 200-day moving average price of $98.43. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.50. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 39.83 and a beta of 1.06. 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 (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.98. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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. Equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed 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 represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 29th. This is an increase from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) 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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