Canopy Partners LLC Acquires 104 Shares of Stantec Inc. $STN

Canopy Partners LLC boosted its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,876 shares of the business services provider’s stock after buying an additional 104 shares during the quarter. Canopy Partners LLC’s holdings in Stantec were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in STN. Wealth Preservation Advisors LLC bought a new position in Stantec during the first quarter worth about $26,000. GHP Investment Advisors Inc. bought a new position in shares of Stantec in the 1st quarter valued at $85,000. Banque Cantonale Vaudoise bought a new stake in Stantec during the 1st quarter worth $99,000. Jones Financial Companies Lllp grew its holdings in Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Stantec in the 2nd quarter valued at about $222,000. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 0.2%

NYSE STN opened at $111.29 on Wednesday. The stock has a market capitalization of $12.70 billion, a PE ratio of 40.62 and a beta of 1.04. The business’s 50-day moving average is $108.91 and its 200 day moving average is $102.01. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $113.50. 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 posted its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Sell-side analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.1635 per share. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, September 29th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is 24.09%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. CIBC restated an “outperform” rating on shares of Stantec in a report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Saturday, September 27th. Finally, Wall Street Zen cut 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 data from MarketBeat, Stantec has a consensus rating of “Buy”.

Stantec Company 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.