Stantec Inc. $STN Shares Acquired by Forge First Asset Management Inc.

Forge First Asset Management Inc. boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 94.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 86,579 shares of the business services provider’s stock after buying an additional 42,000 shares during the period. Stantec comprises about 3.4% of Forge First Asset Management Inc.’s portfolio, making the stock its 10th biggest holding. Forge First Asset Management Inc.’s holdings in Stantec were worth $9,401,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STN. Wealth Preservation Advisors LLC bought a new stake in shares of Stantec during the 1st quarter worth about $26,000. Simplex Trading LLC acquired a new stake in Stantec in the 2nd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in Stantec by 4,700.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after purchasing an additional 376 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after purchasing an additional 392 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Stantec during the first quarter valued at approximately $99,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

NYSE:STN opened at $96.90 on Wednesday. The firm’s 50-day moving average is $109.43 and its 200-day moving average is $107.43. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 35.36 and a beta of 1.03. 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 52-week low of $73.18 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a research note on Monday. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Desjardins reissued a “buy” rating on shares of Stantec in a research report on Monday. Finally, Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

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.