Stantec Inc. $STN Shares Acquired by Forge First Asset Management Inc.

Forge First Asset Management Inc. raised its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 94.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,579 shares of the business services provider’s stock after buying an additional 42,000 shares during the period. Stantec comprises approximately 3.4% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 10th biggest position. Forge First Asset Management Inc. owned approximately 0.08% of Stantec worth $9,401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STN. The Manufacturers Life Insurance Company boosted its stake in shares of Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock worth $359,131,000 after acquiring an additional 964,188 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings 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 valued at $74,401,000 after purchasing an additional 194,000 shares during the last quarter. Geode Capital Management LLC boosted its position 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 period. Acadian Asset Management LLC increased its stake in Stantec by 1,520.4% in the 1st quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider’s stock worth $13,418,000 after purchasing an additional 152,037 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Stantec by 24.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 711,935 shares of the business services provider’s stock worth $77,307,000 after buying an additional 139,120 shares during the period. Institutional investors own 63.86% of the company’s stock.

Analysts Set New Price Targets

STN has been the topic of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Stantec Trading Down 2.3%

Shares of NYSE:STN opened at $96.90 on Wednesday. The firm has a fifty day moving average of $109.43 and a two-hundred day moving average of $107.43. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $114.51. The firm has a market capitalization of $11.05 billion, a P/E ratio of 35.36 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The business had revenue of $1.24 billion during 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, equities analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 21.05%.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.