Atria Investments Inc Increases Stock Position in Stantec Inc. $STN

Atria Investments Inc lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 144.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,082 shares of the business services provider’s stock after buying an additional 5,954 shares during the period. Atria Investments Inc’s holdings in Stantec were worth $1,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new position in Stantec during the first 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 acquired a new position in shares of Stantec during the 1st quarter worth $99,000. Jones Financial Companies Lllp grew its stake 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 during the period. Finally, Yousif Capital Management LLC purchased a new position in shares of Stantec in the 2nd quarter valued at about $202,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Stantec Stock Down 1.7%

STN stock opened at $108.55 on Friday. 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’s 50 day simple moving average is $110.04 and its 200-day simple moving average is $106.21. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $114.51. The firm has a market capitalization of $12.38 billion, a PE ratio of 39.62 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last issued 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 return on equity of 19.03% and a net margin of 5.62%.The firm 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. Equities analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were given a $0.1635 dividend. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 29th. Stantec’s dividend payout ratio (DPR) is currently 23.72%.

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.