Russell Investments Group Ltd. Has $43.75 Million Stock Holdings in Stantec Inc. $STN

Russell Investments Group Ltd. reduced its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 402,252 shares of the business services provider’s stock after selling 16,197 shares during the period. Russell Investments Group Ltd. owned about 0.35% of Stantec worth $43,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Preservation Advisors LLC acquired a new position in Stantec in the first quarter worth about $26,000. Simplex Trading LLC bought a new stake in shares of Stantec in the 2nd quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Stantec by 4,700.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after buying an additional 376 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Stantec by 122.5% during the 2nd 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 period. Finally, Banque Cantonale Vaudoise acquired a new stake in Stantec in the 1st quarter valued at $99,000. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Up 0.1%

Shares of NYSE STN opened at $96.32 on Friday. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $114.51. The company has a 50-day moving average of $107.09 and a two-hundred day moving average of $107.38. The company has a market cap of $10.99 billion, a PE ratio of 35.15 and a beta of 1.03. 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 (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, December 31st. 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%. Stantec’s dividend payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STN. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Finally, Desjardins reaffirmed a “buy” rating on shares of Stantec in a report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

About Stantec

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.