JARISLOWSKY FRASER Ltd Has $440.34 Million Holdings in Stantec Inc. $STN

JARISLOWSKY FRASER Ltd decreased its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,082,124 shares of the business services provider’s stock after selling 881,942 shares during the quarter. Stantec comprises 2.4% of JARISLOWSKY FRASER Ltd’s holdings, making the stock its 12th largest holding. JARISLOWSKY FRASER Ltd owned 3.58% of Stantec worth $440,338,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of STN. Simplex Trading LLC bought a new stake in Stantec during the 2nd quarter valued at $32,000. Caitong International Asset Management Co. Ltd increased its position 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 acquiring an additional 376 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in Stantec during the 2nd quarter valued at about $143,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Up 1.9%

Shares of NYSE STN opened at $96.15 on Friday. The business’s fifty day moving average price is $99.51 and its 200-day moving average price is $105.97. Stantec Inc. has a one year low of $73.18 and a one year high of $114.51. The stock has a market capitalization of $10.97 billion, a PE ratio of 31.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business 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. On average, equities research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently announced 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. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. 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. Stantec’s payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on STN shares. CIBC restated an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Zacks Research downgraded Stantec from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.