Stantec Inc. $STN Holdings Reduced by Candriam S.C.A.

Candriam S.C.A. cut its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 18.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,844 shares of the business services provider’s stock after selling 30,832 shares during the period. Candriam S.C.A. owned approximately 0.12% of Stantec worth $14,546,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in STN. Westside Investment Management Inc. increased its stake in Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after buying an additional 126 shares during the period. Simplex Trading LLC acquired a new position in shares of Stantec during the second quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $42,000 after acquiring an additional 376 shares during the period. Tower Research Capital LLC TRC raised its holdings in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Stantec by 122.5% in the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after purchasing an additional 392 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Stantec Price Performance

STN stock opened at $102.47 on Tuesday. Stantec Inc. has a one year low of $75.94 and a one year high of $114.51. The firm has a 50-day moving average of $97.45 and a two-hundred day moving average of $104.16. The firm has a market capitalization of $11.69 billion, a PE ratio of 33.71 and a beta of 1.12. 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 issued its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is 21.71%.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.