ABN AMRO Bank N.V. Has $1.21 Million Stake in Stantec Inc. $STN

ABN AMRO Bank N.V. decreased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,283 shares of the business services provider’s stock after selling 6,746 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Stantec were worth $1,212,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STN. Westside Investment Management Inc. grew its position in Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Stantec in the 2nd quarter valued at $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in Stantec by 4,700.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after purchasing an additional 376 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after buying an additional 411 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after buying an additional 392 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Down 1.6%

Shares of STN stock opened at $99.13 on Friday. Stantec Inc. has a 12 month low of $75.90 and a 12 month high of $114.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The firm has a market cap of $11.31 billion, a PE ratio of 32.61 and a beta of 1.12. The stock has a 50 day moving average of $97.20 and a 200-day moving average of $104.39.

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 (EPS) for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.71 billion. Stantec had a net margin of 6.06% and a return on equity of 17.37%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.225 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 21.71%.

Analyst Upgrades and Downgrades

STN has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Desjardins restated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Stantec 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.