Stantec Inc. $STN Holdings Boosted by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. increased its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 37.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,200 shares of the business services provider’s stock after purchasing an additional 22,100 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.07% of Stantec worth $8,758,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of STN. Simplex Trading LLC acquired a new position in shares of Stantec during the 2nd quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in Stantec by 4,700.0% during 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 411 shares during the period. PNC Financial Services Group Inc. increased its holdings in Stantec by 122.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 392 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of Stantec during the second quarter worth approximately $143,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

STN opened at $100.18 on Tuesday. The firm has a market cap of $11.43 billion, a P/E ratio of 32.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51. The business’s fifty day moving average is $96.45 and its 200-day moving average is $104.91.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 annualized dividend and a yield of 0.9%. Stantec’s dividend payout ratio is currently 21.71%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STN. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, CIBC reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Stantec Company Profile

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.