Envestnet Asset Management Inc. Boosts Stake in Stantec Inc. $STN

Envestnet Asset Management Inc. boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 100.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,240 shares of the business services provider’s stock after acquiring an additional 2,626 shares during the period. Envestnet Asset Management Inc.’s holdings in Stantec were worth $569,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Stantec in the first quarter valued at approximately $381,000. Avantax Advisory Services Inc. boosted its stake in Stantec by 17.2% during the first quarter. Avantax Advisory Services Inc. now owns 20,686 shares of the business services provider’s stock worth $1,714,000 after buying an additional 3,029 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Stantec in the 1st quarter valued at $99,000. Alberta Investment Management Corp increased its stake in shares of Stantec by 6.7% in the 1st quarter. Alberta Investment Management Corp now owns 781,609 shares of the business services provider’s stock worth $64,777,000 after acquiring an additional 48,954 shares during the last quarter. Finally, Cumberland Partners Ltd raised its holdings in shares of Stantec by 38.4% during the 1st quarter. Cumberland Partners Ltd now owns 173,355 shares of the business services provider’s stock worth $14,374,000 after acquiring an additional 48,065 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, October 17th. CIBC reiterated an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Desjardins restated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Finally, Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Stantec Price Performance

Stantec stock opened at $94.48 on Tuesday. The company’s 50 day simple moving average is $108.15 and its 200-day simple moving average is $107.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $114.51. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 34.48 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 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 research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

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

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.