Stantec Inc. (NYSE:STN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company.

STN has been the topic of several recent analyst reports. CIBC reissued an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered Stantec from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th.

Institutional Trading of Stantec

A number of institutional investors and hedge funds have recently modified their holdings of STN. Alliancebernstein L.P. boosted its holdings in Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after buying an additional 1,558,703 shares during the last quarter. Norges Bank purchased a new position in shares of Stantec in the second quarter valued at approximately $157,932,000. Bank of America Corp DE boosted its stake in shares of Stantec by 80.4% in the third quarter. Bank of America Corp DE now owns 870,352 shares of the business services provider’s stock worth $93,824,000 after acquiring an additional 387,927 shares during the last quarter. Legal & General Group Plc increased its position in shares of Stantec by 44.5% during the third quarter. Legal & General Group Plc now owns 802,897 shares of the business services provider’s stock worth $86,609,000 after purchasing an additional 247,087 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Stantec by 6.6% in the 3rd quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after purchasing an additional 219,733 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE STN opened at $96.15 on Tuesday. 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 stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 31.63 and a beta of 1.10. The firm’s 50 day simple moving average is $99.51 and its 200-day simple moving average is $105.97. Stantec has a 12 month low of $73.18 and a 12 month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate 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. Analysts expect that Stantec 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 annualized dividend and a yield of 0.9%. Stantec’s payout ratio is 21.05%.

Stantec Company Profile

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.