Candriam S.C.A. Has $19.73 Million Stake in Stantec Inc. $STN

Candriam S.C.A. increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 238,091 shares of the business services provider’s stock after buying an additional 4,096 shares during the period. Candriam S.C.A. owned 0.21% of Stantec worth $19,732,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider’s stock worth $39,000 after buying an additional 424 shares during the last quarter. Parallel Advisors LLC boosted its position in Stantec by 37.6% during the first quarter. Parallel Advisors LLC now owns 874 shares of the business services provider’s stock worth $72,000 after purchasing an additional 239 shares during the period. GHP Investment Advisors Inc. bought a new stake in Stantec during the first quarter worth approximately $85,000. Versant Capital Management Inc bought a new stake in Stantec during the first quarter worth approximately $97,000. Finally, Banque Cantonale Vaudoise bought a new stake in Stantec during the first quarter worth approximately $99,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of NYSE STN opened at $106.1080 on Thursday. The business has a fifty day simple moving average of $108.95 and a 200 day simple moving average of $95.13. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 38.73 and a beta of 1.03. Stantec Inc. has a one year low of $73.18 and a one year high of $113.50.

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

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.1635 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 29th. Stantec’s dividend payout ratio is currently 24.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STN shares. TD Securities reaffirmed a “buy” rating on shares of Stantec in a research report on Friday, May 16th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Wednesday, May 7th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Friday, May 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Buy”.

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.