Stantec Inc. $STN Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 24.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 13,036 shares of the business services provider’s stock after acquiring an additional 2,530 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Stantec were worth $1,417,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new position in shares of Stantec during the first quarter worth $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Stantec during the first quarter worth $85,000. Banque Cantonale Vaudoise acquired a new position in shares of Stantec during the first quarter worth $99,000. Jones Financial Companies Lllp lifted its position in shares of Stantec by 1,504.9% during the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Stantec during the second quarter worth $222,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Down 0.3%

Shares of NYSE:STN opened at $109.97 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $109.14 and a 200 day simple moving average of $103.42. The firm has a market cap of $12.54 billion, a PE ratio of 40.13 and a beta of 1.04. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.87.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.64 billion. 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 fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1635 per share. The ex-dividend date was Monday, September 29th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec’s payout ratio is presently 24.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Stantec 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.