Stantec Inc. (NYSE:STN) Sees Large Growth in Short Interest

Key Points

• Stantec Inc. experienced a significant 75.1% increase in short interest during September, with a total of 1,370,000 shares short sold as of September 30th.
• The company recently declared a dividend of $0.1635 per share, reflecting a slight increase from the previous quarter's dividend, with an annualized yield of 0.6%.
• Stantec's latest quarterly earnings showed a revenue of $1.17 billion, which fell short of analysts' expectations of $1.64 billion, while its net margin stood at 5.62%.

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,370,000 shares, an increase of 75.1% from the September 15th total of 782,500 shares. Based on an average daily trading volume, of 187,200 shares, the days-to-cover ratio is presently 7.3 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 187,200 shares, the days-to-cover ratio is presently 7.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Canopy Partners LLC grew its stake in Stantec by 3.8% in the 2nd quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider's stock valued at $313,000 after buying an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider's stock valued at $148,000 after purchasing an additional 180 shares in the last quarter. Pembroke Management LTD grew its position in shares of Stantec by 3.4% during the 1st quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider's stock valued at $574,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC grew its position in shares of Stantec by 5.1% during the 3rd quarter. Signaturefd LLC now owns 5,588 shares of the business services provider's stock valued at $602,000 after purchasing an additional 272 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in shares of Stantec during the 2nd quarter valued at $32,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Stock Performance

Shares of NYSE:STN traded up $1.47 during mid-day trading on Tuesday, reaching $113.38. The company had a trading volume of 124,503 shares, compared to its average volume of 161,216. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 41.38 and a beta of 1.04. The company's 50-day moving average price is $109.29 and its 200-day moving average price is $103.96. Stantec has a one year low of $73.18 and a one year high of $113.87.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, August 13th. The business services provider reported $0.98 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. As a group, equities research analysts anticipate that Stantec will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were paid a $0.1635 dividend. The ex-dividend date was Monday, September 29th. 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. Stantec's dividend payout ratio (DPR) is presently 24.09%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on STN shares. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Stantec in a research report on Wednesday, October 8th. CIBC reissued an "outperform" rating on shares of Stantec in a research report on Monday. Finally, Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.

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