Cwm LLC Purchases 1,474 Shares of Stantec Inc. $STN

Cwm LLC raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 86.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,177 shares of the business services provider’s stock after acquiring an additional 1,474 shares during the period. Cwm LLC’s holdings in Stantec were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Stantec during the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Stantec during the 1st quarter worth approximately $99,000. Jones Financial Companies Lllp raised 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 in the last quarter. Cigna Investments Inc. New bought a new stake in shares of Stantec during the 2nd quarter worth approximately $222,000. Finally, Ballentine Partners LLC bought a new stake in shares of Stantec during the 2nd quarter worth approximately $229,000. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Stantec Stock Performance

Shares of NYSE STN opened at $112.03 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 stock’s fifty day moving average price is $109.59 and its two-hundred day moving average price is $104.65. Stantec Inc. has a one year low of $73.18 and a one year high of $113.99. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 40.89 and a beta of 1.04.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results 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. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were issued a dividend of $0.1635 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. Stantec’s payout ratio is currently 24.09%.

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.