Genus Capital Management Inc. Acquires 56,505 Shares of Stantec Inc. $STN

Genus Capital Management Inc. increased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 710.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,454 shares of the business services provider’s stock after acquiring an additional 56,505 shares during the quarter. Genus Capital Management Inc. owned approximately 0.06% of Stantec worth $6,999,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Simplex Trading LLC purchased a new stake in Stantec in the second quarter worth $32,000. Plato Investment Management Ltd increased its position in Stantec by 169.1% in the second quarter. Plato Investment Management Ltd now owns 18,248 shares of the business services provider’s stock worth $1,974,000 after buying an additional 11,467 shares during the last quarter. Atria Investments Inc increased its position in Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock worth $1,096,000 after buying an additional 5,954 shares during the last quarter. Jennison Associates LLC increased its position in Stantec by 5.6% in the second quarter. Jennison Associates LLC now owns 115,135 shares of the business services provider’s stock worth $12,536,000 after buying an additional 6,143 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Stantec by 100.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock worth $569,000 after buying an additional 2,626 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Performance

NYSE:STN opened at $107.96 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 39.40 and a beta of 1.04. The business’s fifty day moving average is $110.05 and its 200 day moving average is $106.17.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts predict that Stantec Inc. will post 3.05 EPS for the current 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 dividend of $0.1635 per share. The ex-dividend date was Monday, September 29th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec’s dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STN. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.