TD Waterhouse Canada Inc. Purchases 4,913 Shares of Stantec Inc. $STN

TD Waterhouse Canada Inc. grew its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 413,541 shares of the business services provider’s stock after acquiring an additional 4,913 shares during the quarter. TD Waterhouse Canada Inc. owned 0.36% of Stantec worth $44,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STN. Canopy Partners LLC raised 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 worth $313,000 after purchasing an additional 104 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 worth $574,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Stantec by 5.7% during the second quarter. Signaturefd LLC now owns 5,316 shares of the business services provider’s stock worth $578,000 after purchasing an additional 289 shares during the period. Simplex Trading LLC bought a new position in shares of Stantec during the second quarter worth approximately $32,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Stantec in the first quarter valued at approximately $26,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a research report on Monday. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research note on Monday. Finally, CIBC reiterated an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Stantec Trading Down 2.3%

Shares of STN opened at $96.90 on Wednesday. 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. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 35.36 and a beta of 1.03. The business’s fifty day moving average is $109.43 and its 200-day moving average is $107.43.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

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

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.