Generali Asset Management SPA SGR Takes Position in Stantec Inc. $STN

Generali Asset Management SPA SGR acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,930 shares of the business services provider’s stock, valued at approximately $1,623,000.

Several other institutional investors have also recently made changes to their positions in STN. Vanguard Group Inc. raised its holdings in shares of Stantec by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock worth $383,352,000 after acquiring an additional 49,857 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Stantec by 28.8% in 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 purchasing an additional 964,188 shares in the last quarter. Royal Bank of Canada grew its position in Stantec by 0.3% in the 1st quarter. Royal Bank of Canada now owns 3,017,230 shares of the business services provider’s stock worth $249,946,000 after purchasing an additional 8,268 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Stantec by 4.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,081,133 shares of the business services provider’s stock worth $172,530,000 after purchasing an additional 97,496 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Stantec by 6.5% in the 1st quarter. Alliancebernstein L.P. now owns 1,890,608 shares of the business services provider’s stock worth $156,618,000 after purchasing an additional 115,849 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

STN has been the subject of a number of research reports. Wall Street Zen downgraded 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 report on Wednesday, October 8th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Friday. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Stantec Stock Performance

NYSE STN opened at $109.97 on Friday. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $12.54 billion, a PE ratio of 40.13 and a beta of 1.04. The company’s 50 day simple moving average is $109.14 and its two-hundred day simple moving average is $103.42.

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

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were given a $0.1635 dividend. This represents a $0.65 dividend on an annualized basis 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 dividend payout ratio is 24.09%.

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.