Assenagon Asset Management S.A. Buys 356 Shares of Stantec Inc. $STN

Assenagon Asset Management S.A. boosted its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,709 shares of the business services provider’s stock after purchasing an additional 356 shares during the period. Assenagon Asset Management S.A.’s holdings in Stantec were worth $403,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Stantec by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock worth $383,352,000 after buying an additional 49,857 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Stantec by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock worth $359,131,000 after buying an additional 964,188 shares during the last quarter. Royal Bank of Canada grew its position in shares of Stantec by 0.3% in the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock worth $249,946,000 after buying an additional 8,268 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Stantec by 4.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock worth $172,530,000 after buying an additional 97,496 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Stantec by 6.5% in the 1st quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock worth $156,618,000 after buying an additional 115,849 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Trading Down 1.2%

Shares of STN stock opened at $106.16 on Monday. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. The firm has a fifty day moving average price of $109.08 and a 200-day moving average price of $100.86. 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 $12.11 billion, a price-to-earnings ratio of 38.74 and a beta of 1.07.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. The company 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a $0.1635 dividend. This represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 29th. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is presently 24.09%.

Wall Street Analyst Weigh In

STN has been the topic of several research reports. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. CIBC restated an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.