Stantec Inc. $STN Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. trimmed its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,514 shares of the business services provider’s stock after selling 2,752 shares during the quarter. Aviso Financial Inc.’s holdings in Stantec were worth $4,081,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STN. Vanguard Group Inc. lifted its holdings in Stantec by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock valued at $383,352,000 after purchasing an additional 49,857 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Stantec by 28.8% during 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 purchasing an additional 964,188 shares during the last quarter. Royal Bank of Canada raised its position in shares of Stantec by 0.3% during 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 purchasing an additional 8,268 shares during the last quarter. Fiera Capital Corp lifted its stake in Stantec by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 2,385,294 shares of the business services provider’s stock valued at $259,378,000 after buying an additional 42,789 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 valued at $172,530,000 after buying an additional 97,496 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Stantec Price Performance

STN stock opened at $94.48 on Tuesday. The business’s fifty day moving average price is $108.15 and its 200 day moving average price is $107.50. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $114.51. 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 capitalization of $10.78 billion, a PE ratio of 34.48 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, sell-side analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

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

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.