QV Investors Inc. Has $17.37 Million Position in Stantec Inc. $STN

QV Investors Inc. reduced its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 10.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 161,025 shares of the business services provider’s stock after selling 19,060 shares during the period. Stantec accounts for 1.5% of QV Investors Inc.’s holdings, making the stock its 23rd biggest position. QV Investors Inc.’s holdings in Stantec were worth $17,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Simplex Trading LLC acquired a new stake in Stantec during the second quarter valued at $32,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Stantec by 4,700.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock valued at $42,000 after buying an additional 376 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Stantec by 122.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after buying an additional 392 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in Stantec in the second quarter worth approximately $143,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on STN. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday. Zacks Research lowered Stantec from a “hold” rating to a “strong sell” rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stantec has an average rating of “Moderate Buy”.

Stantec Trading Up 2.7%

Shares of NYSE:STN opened at $101.66 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50-day moving average is $96.54 and its 200-day moving average is $105.11. The company has a market cap of $11.60 billion, a P/E ratio of 33.44 and a beta of 1.10. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Stantec had a return on equity of 17.37% and a net margin of 6.06%.The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research 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 was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.225 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 21.71%.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.