Stantec (NYSE:STN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stantec (NYSE:STN) (TSE:STN) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

A number of other brokerages also recently weighed in on STN. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday. CIBC reiterated an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Stantec presently has an average rating of “Moderate Buy”.

Stantec Stock Down 1.3%

Stantec stock opened at $100.42 on Friday. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 33.03 and a beta of 1.10. Stantec has a 52-week low of $73.18 and a 52-week high of $114.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a 50 day moving average price of $96.43 and a two-hundred day moving average price of $104.98.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities analysts predict that Stantec will post 3.05 EPS for the current year.

Stantec Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Stantec by 1,504.9% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Stantec by 15.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after purchasing an additional 22,524 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after purchasing an additional 9,325 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Stantec by 10.6% in the second quarter. Assenagon Asset Management S.A. now owns 3,709 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 356 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Stantec in the second quarter valued at approximately $229,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Company 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.