Vanguard Group Inc. Buys 49,857 Shares of Stantec Inc. $STN

Key Points

• Vanguard Group Inc. has increased its stake in Stantec Inc. by 1.1%, now owning approximately 4.05% of the company, valued at $383.35 million.
• Stantec has declared a quarterly dividend of $0.1635 per share, which is an increase from the previous dividend, reflecting a 0.6% yield for shareholders.
• Analysts maintain a positive outlook on Stantec, with multiple ratings including "buy" and "outperform," highlighting the stock's potential among investors.

Vanguard Group Inc. increased its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,624,935 shares of the business services provider's stock after buying an additional 49,857 shares during the period. Vanguard Group Inc. owned 4.05% of Stantec worth $383,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STN. Mariner LLC boosted its stake in shares of Stantec by 4.2% in the 4th quarter. Mariner LLC now owns 4,880 shares of the business services provider's stock valued at $383,000 after purchasing an additional 195 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider's stock valued at $72,000 after purchasing an additional 239 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Stantec by 632.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider's stock valued at $39,000 after purchasing an additional 424 shares in the last quarter. ELCO Management Co. LLC boosted its stake in shares of Stantec by 9.8% in the 1st quarter. ELCO Management Co. LLC now owns 7,337 shares of the business services provider's stock valued at $608,000 after purchasing an additional 653 shares in the last quarter. Finally, Natixis boosted its stake in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider's stock valued at $140,000 after purchasing an additional 952 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on STN shares. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research note on Friday, May 16th. CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. TD Securities reiterated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Stantec Trading Up 2.2%

Stantec stock traded up $2.31 during mid-day trading on Thursday, hitting $108.32. 155,836 shares of the stock were exchanged, compared to its average volume of 216,782. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $113.50. The firm's fifty day simple moving average is $108.96 and its two-hundred day simple moving average is $95.36. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 39.53 and a beta of 1.03.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company 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 represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 29th. This is a positive change from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 24.09%.

About Stantec

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.