Stantec Inc. (NYSE:STN) Given Average Recommendation of “Buy” by Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating.

STN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. CIBC restated an “outperform” rating on shares of Stantec in a report on Monday. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Friday, October 17th. Finally, Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th.

Institutional Trading of Stantec

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Canopy Partners LLC grew its position in shares of Stantec by 3.8% during the 2nd quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider’s stock worth $313,000 after buying an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after buying an additional 180 shares in the last quarter. Pembroke Management LTD grew its position in shares of Stantec by 3.4% during the 1st quarter. Pembroke Management LTD now owns 6,933 shares of the business services provider’s stock worth $574,000 after buying an additional 231 shares in the last quarter. Signaturefd LLC grew its position in shares of Stantec by 5.1% during the 3rd quarter. Signaturefd LLC now owns 5,588 shares of the business services provider’s stock worth $602,000 after buying an additional 272 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in shares of Stantec during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 0.8%

Shares of STN opened at $112.40 on Thursday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 41.02 and a beta of 1.04. Stantec has a 1 year low of $73.18 and a 1 year high of $113.99. The business’s 50 day simple moving average is $109.36 and its 200-day simple moving average is $104.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts expect that Stantec will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a dividend of $0.1635 per share. This represents a $0.65 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, September 29th. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is currently 24.09%.

About Stantec

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.