ABN AMRO Bank N.V. Sells 6,746 Shares of Stantec Inc. $STN

ABN AMRO Bank N.V. lessened its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 37.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,283 shares of the business services provider’s stock after selling 6,746 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Stantec were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of STN. Westside Investment Management Inc. lifted its position in Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares during the period. Simplex Trading LLC bought a new stake in Stantec in the 2nd quarter valued at $32,000. 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 valued at $42,000 after buying an additional 376 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 392 shares during the period. 63.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STN has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, CIBC reiterated an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Stantec Trading Down 1.6%

STN stock opened at $99.13 on Friday. The business has a fifty day moving average price of $97.20 and a 200 day moving average price of $104.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. Stantec Inc. has a fifty-two week low of $75.90 and a fifty-two week high of $114.51. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 32.61 and a beta of 1.12.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Stantec had a return on equity of 17.37% and a net margin of 6.06%.The company 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. Analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.225 dividend. This is a boost 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%. The ex-dividend date of this dividend was Wednesday, December 31st. Stantec’s payout ratio is presently 21.71%.

About Stantec

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.