Institutional investors are changing their Stantec (STN) holdings. Notably, Ecofi Investissements SA purchased shares valued at around $4.7 million, and Northwestern Mutual Wealth Management invested about $71,000. Creative Planning raised its stake by 6%, now owning 10,628 shares worth $888,000. Duff & Phelps increased their stake by 8.5%, holding 253,578 shares valued at $21.2 million. Susquehanna Fundamental Investments bought shares worth about $2.16 million. Overall, 63.86% of the shares are held by institutions and hedge funds.
Stantec Stock Performance
NYSE STN opened at $83.75. Over the past year, the stock ranged from $59.55 to $88.42. With a market cap of $9.55 billion, Stantec shows a PE ratio of 37.39.
Stantec reported earnings on August 7th, with an EPS of $0.82, slightly above the expected $0.81. Revenue was $1.09 billion, matching forecasts. Analysts predict EPS of 3.07 for the current fiscal year.
Stantec’s Dividend Announcement
Stantec declared a quarterly dividend of $0.152, paid on October 15th. This gives an annualized dividend of $0.61 and a yield of 0.73%, with a payout ratio of 27.68%.
Analyst Updates
Raymond James lowered Stantec’s rating from “moderate buy” to “hold” on August 8th.
About Stantec
Stantec Inc. offers professional services for infrastructure and facilities in Canada, the US, and globally, including planning, design, and environmental services.
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