Stantec (NYSE:STN) Sets New 12-Month High - What's Next?

Key Points

• Stantec Inc. reached a new 52-week high with a stock price of $113.99, closing at $113.29, and trading volume of 11,860 shares.
• A consensus of analysts maintains a "Buy" rating on Stantec, with some firms recently reaffirming or adjusting their ratings.
• Stantec declared a quarterly dividend of $0.1635, reflecting a positive increase from its previous dividend, with an annualized yield of 0.6%.

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN's stock price reached a new 52-week high on Wednesday . The company traded as high as $113.99 and last traded at $113.29, with a volume of 11860 shares traded. The stock had previously closed at $113.29.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Stantec in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Friday. Finally, CIBC reissued an "outperform" rating on shares of Stantec in a research note on Monday. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

Stantec Stock Performance

The firm has a market capitalization of $12.79 billion, a PE ratio of 40.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. The company's fifty day moving average price is $109.29 and its two-hundred day moving average price is $103.96.

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, meeting 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 for the quarter, compared to analyst estimates of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities 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 was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a $0.1635 dividend. The ex-dividend date was Monday, September 29th. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec's payout ratio is 23.72%.

Institutional Trading of Stantec

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Stantec by 1,520.4% during the first quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider's stock valued at $13,418,000 after purchasing an additional 152,037 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Stantec during the second quarter worth approximately $374,000. Plato Investment Management Ltd acquired a new stake in shares of Stantec during the first quarter worth approximately $568,000. American Century Companies Inc. grew its position in shares of Stantec by 18.2% during the first quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider's stock worth $4,128,000 after buying an additional 7,671 shares in the last quarter. Finally, Union Bancaire Privee UBP SA grew its position in shares of Stantec by 71.6% during the second quarter. Union Bancaire Privee UBP SA now owns 37,222 shares of the business services provider's stock worth $4,045,000 after buying an additional 15,526 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

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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