Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $72.16 and last traded at $72.2260, with a volume of 167683 shares trading hands. The stock had previously closed at $73.89.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.
Get Our Latest Stock Report on Stantec
Stantec Stock Down 2.5%
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts expect that Stantec Inc. will post 4.5 earnings per share for the current year.
Stantec Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. Stantec’s dividend payout ratio (DPR) is presently 22.44%.
Institutional Investors Weigh In On Stantec
A number of institutional investors and hedge funds have recently added to or reduced their stakes in STN. Alliancebernstein L.P. raised its position in shares of Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after buying an additional 1,558,703 shares during the last quarter. Norges Bank purchased a new position in Stantec during the fourth quarter valued at $124,217,000. BCV Asset Management Inc. purchased a new position in Stantec during the fourth quarter valued at $93,015,000. Bank of Montreal Can grew its stake in Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after acquiring an additional 897,912 shares in the last quarter. Finally, Man Group plc grew its stake in Stantec by 103.5% during the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock valued at $149,247,000 after acquiring an additional 803,322 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.
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.
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