Voya Investment Management LLC Increases Holdings in Stantec Inc. $STN

Voya Investment Management LLC boosted its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 263.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,265 shares of the business services provider’s stock after buying an additional 16,142 shares during the quarter. Voya Investment Management LLC’s holdings in Stantec were worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Simplex Trading LLC bought a new stake in shares of Stantec in the 2nd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd lifted its stake 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 during the last quarter. Tower Research Capital LLC TRC lifted its stake in Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 valued at $77,000 after buying an additional 392 shares during the period. Finally, McIlrath & Eck LLC bought a new position in shares of Stantec during the second quarter valued at about $143,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Price Performance

STN opened at $96.11 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $10.96 billion, a PE ratio of 31.62 and a beta of 1.10. The stock’s 50 day moving average price is $101.22 and its 200-day moving average price is $106.39. Stantec Inc. has a 52-week low of $73.18 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations 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 research analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.225 dividend. The ex-dividend date of this dividend 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 yield of 0.9%. Stantec’s payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Desjardins reissued a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stantec has an average rating of “Moderate Buy”.

Stantec Company 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.