Stantec Inc. $STN Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 4.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,500 shares of the business services provider’s stock after selling 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Stantec were worth $4,290,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Stantec during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its position 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 worth $42,000 after purchasing an additional 376 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Stantec during the 1st quarter worth $99,000. Jones Financial Companies Lllp boosted its position in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in shares of Stantec during the 2nd quarter worth $202,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on STN. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. CIBC reiterated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Stantec Trading Down 1.0%

NYSE STN opened at $110.71 on Monday. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $114.51. The company has a 50-day moving average of $110.04 and a 200-day moving average of $105.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $12.63 billion, a P/E ratio of 40.40 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts predict 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 was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were given a $0.1635 dividend. This represents a $0.65 annualized dividend and a yield of 0.6%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. Stantec’s dividend payout ratio is 23.72%.

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.