Yousif Capital Management LLC Makes New Investment in Stantec Inc. $STN

Yousif Capital Management LLC bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,859 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Stantec in the first quarter valued at about $26,000. Banque Cantonale Vaudoise purchased a new position in Stantec in the first quarter valued at about $99,000. Jones Financial Companies Lllp increased its holdings in Stantec by 1,504.9% in the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after buying an additional 1,836 shares in the last quarter. Prostatis Group LLC acquired a new stake in shares of Stantec during the 2nd quarter valued at approximately $205,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of Stantec in the 2nd quarter worth approximately $222,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Up 0.1%

Shares of STN stock opened at $112.03 on Friday. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 40.89 and a beta of 1.04. 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 50-day moving average price of $109.59 and a 200 day moving average price of $104.47. Stantec Inc. has a twelve month low of $73.18 and a twelve month high of $113.99.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. 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. Research analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, September 29th. Stantec’s dividend payout ratio (DPR) is presently 24.09%.

Analyst Ratings Changes

Several research firms recently weighed in on STN. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Friday. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research note on Monday. Finally, Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stantec has an average rating of “Buy”.

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.