Vanguard Personalized Indexing Management LLC Raises Stake in Stantec Inc. $STN

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Stantec Inc. by 24.1% during the second quarter, bringing its total holdings to 13,036 shares valued at approximately $1.42 million.
• Stantec recently declared a quarterly dividend of $0.1635 per share, marking a positive change from its previous dividend of $0.16, resulting in an annual yield of 0.6%.
• Despite meeting earnings estimates of $0.98 per share for the last quarter, Stantec reported revenues of $1.17 billion, which fell short of analyst expectations of $1.64 billion.

Vanguard Personalized Indexing Management LLC lifted its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 24.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,036 shares of the business services provider's stock after buying an additional 2,530 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Stantec were worth $1,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Stantec by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider's stock worth $383,352,000 after buying an additional 49,857 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 worth $359,131,000 after buying an additional 964,188 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of 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 buying an additional 8,268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stantec by 4.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider's stock worth $172,530,000 after buying an additional 97,496 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 115,849 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of Stantec in a research report on Wednesday, October 8th. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".

Stantec Price Performance

STN opened at $109.97 on Friday. The company's 50 day simple moving average is $109.14 and its 200 day simple moving average is $103.42. 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 1 year low of $73.18 and a 1 year high of $113.87. The stock has a market capitalization of $12.54 billion, a PE ratio of 40.13 and a beta of 1.04.

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 for the quarter, meeting analysts' consensus estimates of $0.98. The firm 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. As a group, sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were given a dividend of $0.1635 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Stantec's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. Stantec's dividend payout ratio is presently 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.

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