Stantec Inc. $STN Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 21.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,947 shares of the business services provider’s stock after buying an additional 46,194 shares during the period. J. Safra Sarasin Holding AG’s holdings in Stantec were worth $28,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in shares of Stantec during the 2nd quarter worth $32,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Stantec by 4,700.0% in 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 purchasing an additional 376 shares during the period. Tower Research Capital LLC TRC boosted 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 buying an additional 411 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 valued at $77,000 after buying an additional 392 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of Stantec during the 2nd quarter valued at approximately $143,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Stock Down 0.3%

Shares of NYSE STN opened at $100.18 on Tuesday. The stock has a market capitalization of $11.43 billion, a PE ratio of 32.95 and a beta of 1.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $96.45 and a 200-day moving average of $104.91. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51.

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, hitting the consensus estimate of $1.11. Stantec had a return on equity of 17.37% and a net margin of 6.06%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. CIBC reiterated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Finally, Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.