Shell Asset Management Co. Grows Position in Stantec Inc. $STN

Shell Asset Management Co. lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 27.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,192 shares of the business services provider’s stock after buying an additional 6,756 shares during the period. Shell Asset Management Co.’s holdings in Stantec were worth $3,387,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position 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 valued at $383,352,000 after buying an additional 49,857 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock valued at $359,131,000 after buying an additional 964,188 shares during the period. Royal Bank of Canada lifted its holdings in shares of Stantec by 0.3% during the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock valued at $249,946,000 after buying an additional 8,268 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Stantec by 4.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock valued at $172,530,000 after buying an additional 97,496 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Stantec by 6.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock valued at $156,618,000 after buying an additional 115,849 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STN has been the topic of several research analyst reports. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Saturday, September 27th. Finally, CIBC reissued an “outperform” rating on shares of Stantec in a report on Friday, July 18th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, Stantec presently has a consensus rating of “Buy”.

Stantec Price Performance

NYSE STN opened at $111.29 on Wednesday. The company has a market capitalization of $12.70 billion, a PE ratio of 40.62 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 business’s fifty day moving average is $108.91 and its 200 day moving average is $102.01. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $113.50.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Sell-side analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a $0.1635 dividend. The ex-dividend date is 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 dividend yield of 0.6%. Stantec’s dividend payout ratio (DPR) is presently 24.09%.

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.