United Services Automobile Association Purchases Shares of 4,107 Stantec Inc. $STN

Key Points

• United Services Automobile Association made a new investment in Stantec Inc., purchasing 4,107 shares valued at approximately $337,000.
• Stantec recently increased its quarterly dividend to $0.1635 per share, with a dividend yield of 0.6% and a payout ratio of 24.09%.
• Stantec reported second-quarter earnings of $0.98 per share, meeting analysts' expectations, but revenues fell short, totaling $1.17 billion against an estimate of $1.64 billion.

United Services Automobile Association purchased a new stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,107 shares of the business services provider's stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in shares of Stantec by 166.5% in the fourth quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after purchasing an additional 13,958,790 shares during the period. The Manufacturers Life Insurance Company grew its position in Stantec by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock valued at $359,131,000 after acquiring an additional 964,188 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Stantec by 9.5% during the 4th 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. Intact Investment Management Inc. grew its position in 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 acquiring an additional 164,998 shares during the last quarter. Finally, Millennium Management LLC grew 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 worth $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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec currently has an average rating of "Buy".

Stantec Stock Performance

Shares of NYSE:STN traded up $0.16 during trading on Wednesday, hitting $110.35. The company's stock had a trading volume of 13,645 shares, compared to its average volume of 171,611. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $113.50. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 40.34 and a beta of 1.06. The company has a 50-day moving average of $109.47 and a 200-day moving average of $99.28.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced 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. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, sell-side analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.1635 per share. 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 yield of 0.6%. The ex-dividend date of this dividend is Monday, September 29th. Stantec's payout ratio is 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.