Creative Planning Has $2.56 Million Holdings in Stantec Inc. $STN

Creative Planning increased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 29.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,515 shares of the business services provider’s stock after purchasing an additional 5,360 shares during the quarter. Creative Planning’s holdings in Stantec were worth $2,556,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Wealth Preservation Advisors LLC bought a new stake in Stantec during the 1st quarter worth about $26,000. Simplex Trading LLC acquired a new stake in shares of Stantec in the second quarter valued at about $32,000. Caitong International Asset Management Co. Ltd raised its holdings in Stantec by 4,700.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after acquiring an additional 376 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 392 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Stantec in the first quarter valued at approximately $99,000. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 0.4%

NYSE STN opened at $94.48 on Tuesday. 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 company has a market cap of $10.78 billion, a price-to-earnings ratio of 34.48 and a beta of 1.03. The company has a 50 day moving average of $108.15 and a 200-day moving average of $107.50. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.0%. This is a boost from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, December 31st. Stantec’s payout ratio is presently 21.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, October 17th. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock 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.