Sava Infond d.o.o. Sells 1,000 Shares of Stantec Inc. $STN

Sava Infond d.o.o. cut its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 28.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,500 shares of the business services provider’s stock after selling 1,000 shares during the period. Sava Infond d.o.o.’s holdings in Stantec were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STN. Wealth Preservation Advisors LLC bought a new stake in shares of Stantec during the first quarter valued at about $26,000. Parallel Advisors LLC raised its holdings in shares of Stantec by 37.6% in the 1st quarter. Parallel Advisors LLC now owns 874 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 239 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Stantec during the 1st quarter valued at about $85,000. Banque Cantonale Vaudoise bought a new stake in shares of Stantec during the 1st quarter valued at about $99,000. Finally, Jones Financial Companies Lllp boosted its position in shares of 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 valued at $162,000 after acquiring an additional 1,836 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Up 1.4%

Shares of STN stock opened at $110.57 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $108.81 and a two-hundred day moving average price of $101.49. Stantec Inc. has a 12-month low of $73.18 and a 12-month high of $113.50. The firm has a market cap of $12.61 billion, a P/E ratio of 40.35 and a beta of 1.04.

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

Stantec Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Saturday, September 27th. Finally, CIBC reiterated an “outperform” rating on shares of Stantec in a research report on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.