TD Waterhouse Canada Inc. Has $44.77 Million Stake in Stantec Inc. $STN

TD Waterhouse Canada Inc. increased its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 1.2% during the second quarter, HoldingsChannel reports. The fund owned 413,541 shares of the business services provider’s stock after buying an additional 4,913 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Stantec were worth $44,770,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of STN. The Manufacturers Life Insurance Company boosted its stake in shares of Stantec by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock valued at $359,131,000 after purchasing an additional 964,188 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Stantec by 39.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 685,175 shares of the business services provider’s stock valued at $74,401,000 after buying an additional 194,000 shares during the period. Geode Capital Management LLC raised its holdings in Stantec by 21.5% in the 2nd quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider’s stock valued at $102,211,000 after buying an additional 163,578 shares during the last quarter. Acadian Asset Management LLC boosted its position in Stantec by 1,520.4% during the 1st quarter. Acadian Asset Management LLC now owns 162,037 shares of the business services provider’s stock worth $13,418,000 after buying an additional 152,037 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in Stantec by 24.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 711,935 shares of the business services provider’s stock worth $77,307,000 after buying an additional 139,120 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Down 2.3%

Shares of Stantec stock opened at $96.90 on Wednesday. The stock’s 50-day moving average is $109.43 and its 200 day moving average is $107.43. Stantec Inc. has a one year low of $73.18 and a one year high of $114.51. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 35.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio is presently 21.05%.

Analysts Set New Price Targets

Several brokerages have issued reports on STN. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. CIBC reissued an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec 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.