Skandinaviska Enskilda Banken AB publ Has $8.50 Million Stake in Stantec Inc. $STN

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 50.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 78,358 shares of the business services provider’s stock after buying an additional 26,235 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Stantec were worth $8,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in STN. Neuberger Berman Group LLC grew its position in shares of Stantec by 2,108.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 145,454 shares of the business services provider’s stock valued at $15,795,000 after acquiring an additional 138,867 shares during the period. Norges Bank acquired a new stake in Stantec in the 2nd quarter valued at about $157,932,000. Quadrature Capital Ltd grew its holdings in Stantec by 752.2% during the second quarter. Quadrature Capital Ltd now owns 57,100 shares of the business services provider’s stock worth $6,182,000 after purchasing an additional 50,400 shares during the period. Scotia Capital Inc. grew its holdings in Stantec by 31.1% during the second quarter. Scotia Capital Inc. now owns 207,519 shares of the business services provider’s stock worth $22,530,000 after purchasing an additional 49,269 shares during the period. Finally, XTX Topco Ltd increased its position in Stantec by 39.0% during the second quarter. XTX Topco Ltd now owns 4,717 shares of the business services provider’s stock worth $513,000 after buying an additional 1,324 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Performance

NYSE:STN opened at $96.32 on Friday. The stock has a 50 day simple moving average of $107.09 and a 200 day simple moving average of $107.47. The stock has a market cap of $10.99 billion, a P/E ratio of 35.15 and a beta of 1.03. Stantec Inc. has a 1-year low of $73.18 and a 1-year high of $114.51. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44.

Stantec (NYSE:STN – Get Free Report) (TSE:STN) last issued its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current 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 given a $0.225 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change 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 (DPR) is presently 21.05%.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of recent analyst reports. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. CIBC reiterated an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Finally, Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on Stantec

About Stantec

(Free Report)

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.

See Also

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