Stantec Inc. $STN Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,347,088 shares of the business services provider’s stock after selling 269,725 shares during the period. Bank of Montreal Can owned approximately 2.93% of Stantec worth $364,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in Stantec during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its stake 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. Banque Cantonale Vaudoise acquired a new stake in shares of Stantec in the first quarter valued at $99,000. Jones Financial Companies Lllp lifted its holdings in shares of Stantec by 1,504.9% in the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after buying an additional 1,836 shares during the period. Finally, Yousif Capital Management LLC bought a new position in Stantec during the second quarter valued at about $202,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, October 17th. CIBC reissued an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Finally, Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Stantec Price Performance

NYSE STN opened at $110.71 on Monday. 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 1 year low of $73.18 and a 1 year high of $114.51. The company has a market cap of $12.63 billion, a PE ratio of 40.40 and a beta of 1.04. The stock’s 50-day moving average price is $110.04 and its two-hundred day moving average price is $105.86.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, analysts predict that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1635 per share. This is an increase from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. Stantec’s dividend payout ratio (DPR) is presently 23.72%.

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.