Allianz Asset Management GmbH Trims Holdings in Stantec Inc. $STN

Allianz Asset Management GmbH reduced its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 660,042 shares of the business services provider’s stock after selling 51,893 shares during the period. Allianz Asset Management GmbH’s holdings in Stantec were worth $71,198,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Simplex Trading LLC acquired a new position in shares of Stantec during the 2nd quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 purchasing an additional 376 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares during the period. PNC Financial Services Group Inc. increased 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 buying an additional 392 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at approximately $143,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Stantec Stock Performance

NYSE STN opened at $100.78 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $11.50 billion, a P/E ratio of 33.15 and a beta of 1.12. The stock has a 50-day moving average of $97.14 and a two-hundred day moving average of $104.42. Stantec Inc. has a 1-year low of $75.82 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates 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. As a group, analysts anticipate that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.9%. This is a positive change from Stantec’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, December 31st. Stantec’s payout ratio is presently 21.71%.

Stantec 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.