XTX Topco Ltd Has $281,000 Stock Position in Stantec Inc. (NYSE:STN)

Key Points

• XTX Topco Ltd reduced its stake in Stantec Inc. by 42.3%, owning 3,393 shares valued at $281,000 after selling 2,485 shares in Q1.
• Stantec announced a quarterly dividend increase from $0.16 to $0.1612, providing an annualized dividend of $0.64 with a yield of 0.6%.
• Analysts generally hold a positive outlook on Stantec, with multiple "outperform" and "buy" ratings, including an upgraded "strong-buy" rating from Wall Street Zen.

XTX Topco Ltd lowered its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 42.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,393 shares of the business services provider's stock after selling 2,485 shares during the quarter. XTX Topco Ltd's holdings in Stantec were worth $281,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of STN. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 424 shares during the last quarter. Parallel Advisors LLC boosted its holdings 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 buying an additional 239 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Stantec in the 1st quarter valued at approximately $85,000. Versant Capital Management Inc acquired a new stake in shares of Stantec in the 1st quarter valued at approximately $97,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Stantec in the 1st quarter valued at approximately $99,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Ratings Changes

STN has been the subject of several recent analyst reports. Royal Bank Of Canada reissued 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 research note on Friday, May 16th. CIBC restated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Stantec has an average rating of "Buy".

Stantec Stock Performance

Shares of STN stock opened at $109.01 on Tuesday. The business's 50-day moving average price is $108.75 and its 200-day moving average price is $93.96. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $113.50. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 45.05 and a beta of 1.03. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Stantec had a return on equity of 18.22% and a net margin of 5.01%. Equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.1612 dividend. The ex-dividend date was Monday, June 30th. This is an increase from Stantec's previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a yield of 0.6%. Stantec's dividend payout ratio is presently 27.27%.

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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