The Vanguard Group, Inc. recently announced the acquisition of new stake in Stantec Inc. (NYSE:STN). The institutional investor has increased its shareholding in the Industrials company by 2.12% to 2.88 million shares with purchase of 59756.0 shares. This fresh investment now brings its stake to 2.61% valued currently at $138.3 million. In addition, Pictet Asset Management SA raised its holdings by 9027.0 to 2.31 million shares. And Fiera Capital Corp. has lifted its position by 11.76% or 0.24 million shares – to 2.23 million shares.
With over 97987.0 Stantec Inc. (STN) shares trading Tuesday and a closing price of $51.50 on the day, the dollar volume was approximately $5.05 million. The shares have shown a positive half year performance of 8.81% and its price on 01/24/23 gained nearly 0.47%. Currently, there are 110.74M common shares owned by the public and among those 110.43M shares have been available to trade.
The top 3 mutual fund holders in Stantec Inc. are Mackenzie Canadian Growth Fund, Mackenzie Canadian Growth Balance, and iProfile Canadian Equity Private. Mackenzie Canadian Growth Fund owns 3.93 million shares of the company’s stock, all valued at over $188.34 million. The company sold 10941.0 shares recently to bring their total holdings to about 3.55% of the shares outstanding. Mackenzie Canadian Growth Balance sold 16815.0 shares to see its total holdings shrink to 2.89 million shares valued at over $138.38 million and representing 2.61% of the shares outstanding. iProfile Canadian Equity Private sold -0.5 million shares to bring its total holdings to over 2.28 million shares at a value of $109.27 million. iProfile Canadian Equity Private now owns shares totaling to 2.06% of the shares outstanding.
Shares of Stantec Inc. (NYSE: STN) opened at $50.94, down -$0.32 from a prior closing price of $51.26. However, the script later moved the day high at 51.83, up 0.47%. The company’s stock has a 5-day price change of -0.33% and 10.59% over the past three months. STN shares are trading 7.43% year to date (YTD), with the 12-month market performance down to -1.06% lower. It has a 12-month low price of $40.92 and touched a high of $55.71 over the same period. STN has an average intraday trading volume of 66.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.26%, 4.39%, and 9.03% respectively.
Institutional ownership of Stantec Inc. (NYSE: STN) shares accounts for 79.70% of the company’s 110.74M shares outstanding. Mutual fund holders own 15.96%, while other institutional holders and individual stakeholders account for 52.66% and — respectively.
It has a market capitalization of $5.61B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 40.55, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 5.78 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.71% over the month.
Analysts forecast that Stantec Inc. (STN) will achieve an EPS of $0.64 for the current quarter, $0.52 for the next quarter and $2.52 for 2023. The lowest estimate earnings-per-share for the quarter is $0.59 while analysts give the company a high EPS estimate of $0.66. Comparatively, EPS for the current quarter was $0.57 a year ago. Earnings per share for the fiscal year are expected to increase by 26.50%, and 13.44% over the next financial year. EPS should shrink at an annualized rate of 7.02% over the next five years, compared to 8.10% over the past 5-year period.
BMO Capital Markets on their part issued Market Perform rating on April 16, 2020.