Stantec Inc. $STN Shares Sold by QV Investors Inc.

QV Investors Inc. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,085 shares of the business services provider’s stock after selling 6,950 shares during the period. Stantec comprises 1.9% of QV Investors Inc.’s portfolio, making the stock its 14th largest holding. QV Investors Inc.’s holdings in Stantec were worth $19,555,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC increased its position in Stantec by 1,520.4% during the first quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider’s stock worth $13,418,000 after purchasing an additional 152,037 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Stantec during the second quarter worth approximately $374,000. Plato Investment Management Ltd acquired a new position in Stantec during the first quarter worth approximately $568,000. American Century Companies Inc. increased its position in Stantec by 18.2% during the first quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider’s stock worth $4,128,000 after purchasing an additional 7,671 shares during the last quarter. Finally, Union Bancaire Privee UBP SA increased its position in Stantec by 71.6% during the second quarter. Union Bancaire Privee UBP SA now owns 37,222 shares of the business services provider’s stock worth $4,045,000 after purchasing an additional 15,526 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

STN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research report on Friday. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec currently has a consensus rating of “Buy”.

Stantec Price Performance

STN opened at $112.03 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $113.99. The company has a 50 day moving average of $109.59 and a two-hundred day moving average of $104.65. The company has a market cap of $12.78 billion, a P/E ratio of 40.89 and a beta of 1.04.

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

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were paid a $0.1635 dividend. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, September 29th. Stantec’s payout ratio is currently 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.