TD Waterhouse Canada Inc. Raises Stock Position in Stantec Inc. $STN

TD Waterhouse Canada Inc. grew its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,724 shares of the business services provider’s stock after buying an additional 27,183 shares during the period. TD Waterhouse Canada Inc.’s holdings in Stantec were worth $46,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of STN. Alliancebernstein L.P. raised its stake in Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after acquiring an additional 1,558,703 shares in the last quarter. Norges Bank purchased a new position in shares of Stantec during the second quarter worth about $157,932,000. DekaBank Deutsche Girozentrale increased its position in shares of Stantec by 39.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 685,175 shares of the business services provider’s stock worth $74,401,000 after purchasing an additional 194,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Stantec by 21.5% in the 2nd quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider’s stock valued at $102,211,000 after purchasing an additional 163,578 shares during the last quarter. Finally, AXA S.A. lifted its holdings in shares of Stantec by 139.2% in the 2nd quarter. AXA S.A. now owns 266,179 shares of the business services provider’s stock valued at $28,928,000 after purchasing an additional 154,884 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 0.3%

Shares of Stantec stock opened at $100.63 on Thursday. Stantec Inc. has a one year low of $73.18 and a one year high of $114.51. The company has a market cap of $11.48 billion, a P/E ratio of 33.10 and a beta of 1.10. 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 firm has a fifty day moving average of $96.62 and a two-hundred day moving average of $104.81.

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. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The business had revenue of $1.24 billion for 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 issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is presently 21.71%.

Analyst Ratings Changes

STN has been the topic of a number of recent research reports. Desjardins reaffirmed a “buy” rating on shares of Stantec in a report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. 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 note on Friday, January 23rd. Finally, Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.