Allianz Asset Management GmbH Trims Stock Position in Stantec Inc. $STN

Allianz Asset Management GmbH lessened its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 660,042 shares of the business services provider’s stock after selling 51,893 shares during the quarter. Allianz Asset Management GmbH owned 0.58% of Stantec worth $71,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STN. Alliancebernstein L.P. lifted its holdings in Stantec by 82.4% in the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after acquiring an additional 1,558,703 shares during the period. Norges Bank purchased a new position in shares of Stantec during the 2nd quarter valued at approximately $157,932,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Stantec by 39.5% in the 2nd 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 period. Geode Capital Management LLC boosted its holdings in Stantec by 21.5% during the second quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider’s stock worth $102,211,000 after buying an additional 163,578 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Stantec by 64.3% during the third quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock valued at $44,494,000 after buying an additional 161,400 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Up 1.4%

Shares of STN opened at $100.78 on Thursday. The stock has a 50 day moving average price of $97.14 and a 200 day moving average price of $104.42. Stantec Inc. has a one year low of $75.82 and a one year high of $114.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 33.15 and a beta of 1.12.

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 for the quarter, meeting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 17.37% and a net margin of 6.06%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts forecast that Stantec Inc. will post 3.05 earnings per share 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is currently 21.71%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Desjardins reaffirmed a “buy” rating on shares of Stantec in a report on Monday, November 17th. CIBC reissued an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Stantec currently has an average 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.