Stantec Inc. $STN Shares Purchased by Axa S.A.

Axa S.A. raised its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 139.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,179 shares of the business services provider’s stock after acquiring an additional 154,884 shares during the period. Axa S.A. owned 0.23% of Stantec worth $28,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in STN. Simplex Trading LLC acquired a new position in Stantec in the second quarter valued at $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Stantec during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 buying an additional 376 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Stantec by 122.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 392 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analysts Forecast Growth

STN has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. CIBC reaffirmed an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Desjardins reissued a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Stantec Price Performance

NYSE:STN opened at $94.76 on Wednesday. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $114.51. The company’s 50-day moving average is $105.34 and its two-hundred day moving average is $107.27. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 31.17 and a beta of 1.11. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The firm 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. Research analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.16. 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.