1832 Asset Management L.P. Has $9.55 Million Stock Holdings in Stantec Inc. $STN

1832 Asset Management L.P. decreased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,899 shares of the business services provider’s stock after selling 7,752 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.08% of Stantec worth $9,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Waratah Capital Advisors Ltd. increased its position in Stantec by 6.5% during the second quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock worth $44,613,000 after buying an additional 25,073 shares during the last quarter. Atria Investments Inc lifted its position in shares of Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock worth $1,096,000 after buying an additional 5,954 shares during the last quarter. Forge First Asset Management Inc. boosted its stake in shares of Stantec by 94.2% during the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after acquiring an additional 42,000 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Stantec by 30.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 135,710 shares of the business services provider’s stock valued at $14,777,000 after acquiring an additional 31,920 shares during the last quarter. Finally, Genus Capital Management Inc. increased its holdings in shares of Stantec by 710.8% during the 2nd quarter. Genus Capital Management Inc. now owns 64,454 shares of the business services provider’s stock valued at $6,999,000 after acquiring an additional 56,505 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.0%

Shares of Stantec stock opened at $94.94 on Friday. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51. The firm has a market capitalization of $10.83 billion, a PE ratio of 31.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The company’s fifty day moving average price is $106.02 and its two-hundred day moving average price is $107.31.

Stantec (NYSE:STN) (TSE:STN) last issued 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec had a net margin of 6.06% and a return on equity of 17.37%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend 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 yield of 0.9%. Stantec’s dividend payout ratio (DPR) is presently 21.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STN shares. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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.