Vontobel Holding Ltd. grew its holdings in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 501,873 shares of the business services provider’s stock after purchasing an additional 64,282 shares during the period. Vontobel Holding Ltd.’s holdings in Stantec were worth $33,835,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Groupe la Francaise raised its position in shares of Stantec by 5.6% in the first quarter. Groupe la Francaise now owns 4,750 shares of the business services provider’s stock valued at $409,000 after buying an additional 250 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ grew its position in Stantec by 1.2% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 29,501 shares of the business services provider’s stock worth $2,542,000 after buying an additional 347 shares in the last quarter. Wellington Altus USA Inc. bought a new position in Stantec during the 2nd quarter worth $26,000. Fortitude Family Office LLC bought a new position in Stantec during the 3rd quarter worth $32,000. Finally, Addison Advisors LLC bought a new position in Stantec during the 2nd quarter worth $33,000. 63.86% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on STN shares. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen cut Stantec from a “buy” rating to a “hold” rating in a research report on Saturday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Weiss Ratings raised shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.00.
Read Our Latest Analysis on STN
Stantec Price Performance
Shares of NYSE STN traded up $0.03 during trading hours on Friday, hitting $69.22. 276,797 shares of the stock were exchanged, compared to its average volume of 378,721. 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 company has a market cap of $7.76 billion, a PE ratio of 21.56 and a beta of 1.01. The company’s fifty day simple moving average is $71.01 and its two-hundred day simple moving average is $75.01. Stantec Inc. has a 1-year low of $65.35 and a 1-year high of $114.51.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, sell-side analysts predict that Stantec Inc. will post 4.42 EPS for the current year.
Stantec Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th were paid a C$0.24 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec’s dividend payout ratio (DPR) is presently 22.12%.
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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