Norges Bank purchased a new stake in Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,316,324 shares of the business services provider’s stock, valued at approximately $124,217,000.
A number of other institutional investors have also made changes to their positions in the business. Westside Investment Management Inc. boosted its stake in Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the period. Allworth Financial LP increased its position in Stantec by 223.9% in the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after buying an additional 206 shares during the period. Leonteq Securities AG bought a new position in Stantec in the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after buying an additional 411 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Stantec during the fourth quarter worth approximately $57,000. 63.86% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average target price of $175.00.
Stantec Stock Up 2.1%
STN opened at $75.12 on Friday. The company has a market capitalization of $8.57 billion, a P/E ratio of 24.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s fifty day moving average price is $84.26 and its two-hundred day moving average price is $91.15. Stantec Inc. has a fifty-two week low of $72.46 and a fifty-two week high of $114.51.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Stantec had a return on equity of 19.37% and a net margin of 5.92%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, analysts anticipate that Stantec Inc. will post 4.5 EPS for the current year.
Stantec Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s payout ratio is currently 22.76%.
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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