Susquehanna International Group LLP grew its position in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 489.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,020 shares of the business services provider’s stock after buying an additional 8,320 shares during the period. Susquehanna International Group LLP’s holdings in Stantec were worth $690,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in STN. Wellington Management Group LLP acquired a new stake in shares of Stantec during the 2nd quarter valued at approximately $11,908,000. Public Employees Retirement System of Ohio acquired a new position in Stantec in the second quarter worth $541,000. Bank of America Corp DE bought a new stake in Stantec during the second quarter valued at $104,075,000. Man Group plc acquired a new stake in shares of Stantec during the second quarter worth $121,285,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Stantec during the second quarter worth $60,762,000. 63.86% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on STN shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.
Stantec Stock Performance
STN stock opened at $72.90 on Tuesday. Stantec Inc. has a 1 year low of $66.26 and a 1 year high of $114.51. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 22.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s fifty day moving average is $71.15 and its two-hundred day moving average is $79.75.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, research analysts predict that Stantec Inc. will post 4.46 EPS for the current year.
Stantec Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 29th. Stantec’s payout ratio is 21.50%.
About Stantec
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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