Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) shares reached a new 52-week low on Wednesday. The company traded as low as $66.18 and last traded at $65.94, with a volume of 73527 shares. The stock had previously closed at $67.54.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Weiss Ratings lowered shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.
Check Out Our Latest Analysis on Stantec
Stantec Stock Performance
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.01. Stantec had a return on equity of 19.70% and a net margin of 5.91%.The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities analysts expect that Stantec Inc. will post 4.46 earnings per share for the current year.
Stantec Announces Dividend
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 paid a dividend of C$0.24 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 29th. Stantec’s dividend payout ratio (DPR) is currently 22.12%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its stake in shares of Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares during the last quarter. Man Group plc acquired a new position in Stantec during the second quarter valued at approximately $121,285,000. Bank of America Corp DE bought a new position in Stantec in the second quarter valued at approximately $104,075,000. The Manufacturers Life Insurance Company acquired a new position in shares of Stantec during the 2nd quarter worth approximately $98,396,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Stantec during the 2nd quarter worth approximately $79,047,000. Institutional investors own 63.86% of the company’s stock.
Stantec Company Profile
Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.
The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.
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