Voya Investment Management LLC Purchases 16,142 Shares of Stantec Inc. $STN

Voya Investment Management LLC increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 263.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,265 shares of the business services provider’s stock after purchasing an additional 16,142 shares during the quarter. Voya Investment Management LLC’s holdings in Stantec were worth $2,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canopy Partners LLC raised its holdings in Stantec by 3.8% in the second quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider’s stock worth $313,000 after purchasing an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stantec by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after buying an additional 180 shares during the period. Signaturefd LLC grew its position in shares of Stantec by 5.7% in the 2nd quarter. Signaturefd LLC now owns 5,316 shares of the business services provider’s stock worth $578,000 after buying an additional 289 shares during the period. Simplex Trading LLC bought a new position in shares of Stantec in the 2nd quarter worth about $32,000. Finally, Assenagon Asset Management S.A. lifted its position in Stantec by 10.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,709 shares of the business services provider’s stock valued at $403,000 after acquiring an additional 356 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STN. Desjardins reissued a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. Zacks Research downgraded Stantec from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 0.3%

NYSE:STN opened at $96.11 on Friday. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 31.62 and a beta of 1.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $101.22 and its 200-day moving average price is $106.39. Stantec Inc. has a 52 week low of $73.18 and a 52 week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities research analysts forecast 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. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase 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%. Stantec’s dividend payout ratio is currently 21.05%.

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.