Stantec Inc. $STN Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 30.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,710 shares of the business services provider’s stock after buying an additional 31,920 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Stantec were worth $14,777,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Waratah Capital Advisors Ltd. lifted its stake in Stantec by 6.5% during the second quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock worth $44,613,000 after purchasing an additional 25,073 shares during the last quarter. Atria Investments Inc lifted its position in shares of Stantec by 144.2% in the 2nd 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. Forge First Asset Management Inc. lifted its position in shares of Stantec by 94.2% in the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after buying an additional 42,000 shares during the last quarter. Genus Capital Management Inc. boosted its holdings in shares of Stantec by 710.8% in the 2nd quarter. Genus Capital Management Inc. now owns 64,454 shares of the business services provider’s stock valued at $6,999,000 after buying an additional 56,505 shares during the period. Finally, Yousif Capital Management LLC bought a new stake in shares of Stantec during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Down 1.8%

NYSE STN opened at $94.24 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec Inc. has a 12 month low of $73.18 and a 12 month high of $114.51. The company has a market capitalization of $10.75 billion, a PE ratio of 34.40 and a beta of 1.03. The stock has a 50-day simple moving average of $108.81 and a 200 day simple moving average of $107.25.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results 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 net margin of 5.62% and a return on equity of 19.03%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.225 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Stantec’s payout ratio is 21.05%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. CIBC reissued an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Desjardins reissued a “buy” rating on shares of Stantec in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average 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.