Union Bancaire Privee UBP SA Sells 20,255 Shares of Stantec Inc. $STN

Union Bancaire Privee UBP SA cut its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 54.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,967 shares of the business services provider’s stock after selling 20,255 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Stantec were worth $1,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new stake in Stantec in the 2nd quarter worth approximately $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Stantec in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Stantec by 4,700.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock worth $42,000 after acquiring an additional 376 shares during the period. Tower Research Capital LLC TRC increased its position in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 411 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Stantec by 122.5% in the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 392 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of NYSE STN opened at $92.06 on Thursday. The stock has a market cap of $10.50 billion, a PE ratio of 30.28 and a beta of 1.10. Stantec Inc. has a 1 year low of $73.18 and a 1 year high of $114.51. The firm has a fifty day moving average price of $103.33 and a 200-day moving average price of $106.86. 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 (NYSE:STN) (TSE:STN) last issued its earnings results 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 the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.90 dividend on an annualized basis and a yield of 1.0%. This is a boost from Stantec’s previous quarterly dividend of $0.16. Stantec’s payout ratio is presently 21.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on STN shares. Zacks Research lowered shares of Stantec from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Stantec Company 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.