American Century Companies Inc. Purchases 35,088 Shares of Stantec Inc. $STN

American Century Companies Inc. increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 70.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,893 shares of the business services provider’s stock after purchasing an additional 35,088 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Stantec worth $9,237,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in Stantec during the first quarter worth approximately $26,000. Simplex Trading LLC acquired a new stake in shares of Stantec in the second quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Stantec by 4,700.0% during the 2nd 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 during the period. PNC Financial Services Group Inc. increased its holdings in shares of Stantec by 122.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after acquiring an additional 392 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 1,836 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Performance

NYSE:STN opened at $94.94 on Friday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 31.23 and a beta of 1.10. Stantec Inc. has a fifty-two week low of $73.18 and a fifty-two week high of $114.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a fifty day moving average price of $106.02 and a 200-day moving average price of $107.31.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 billion. Stantec had a return on equity of 17.37% and a net margin of 6.06%.Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal 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 paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. This is a positive change 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 21.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STN shares. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Desjardins restated a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.