Goldman Sachs Group Inc. trimmed its stake in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,307,687 shares of the business services provider’s stock after selling 355,035 shares during the period. Goldman Sachs Group Inc. owned about 1.15% of Stantec worth $123,393,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Stantec during the fourth quarter worth $124,217,000. Intech Investment Management LLC raised its holdings in shares of Stantec by 1,678.2% during the fourth quarter. Intech Investment Management LLC now owns 93,962 shares of the business services provider’s stock worth $8,878,000 after acquiring an additional 88,678 shares during the period. Geode Capital Management LLC raised its holdings in shares of Stantec by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 1,058,720 shares of the business services provider’s stock worth $100,355,000 after acquiring an additional 68,978 shares during the period. Legal & General Group Plc raised its holdings in shares of Stantec by 11.1% during the fourth quarter. Legal & General Group Plc now owns 892,069 shares of the business services provider’s stock worth $84,290,000 after acquiring an additional 89,172 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Stantec by 357.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 11,616 shares of the business services provider’s stock worth $1,096,000 after acquiring an additional 9,076 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Royal Bank Of Canada lifted their price target 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 lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. 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 Down 0.5%
Shares of STN stock opened at $73.53 on Tuesday. The firm’s fifty day moving average price is $83.69 and its two-hundred day moving average price is $90.81. Stantec Inc. has a 1 year low of $72.46 and a 1 year high of $114.51. The firm has a market capitalization of $8.39 billion, a P/E ratio of 23.57 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last announced its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities analysts predict that Stantec Inc. will post 4.5 EPS for the current fiscal year.
Stantec Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.245 dividend. 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, June 30th. Stantec’s dividend payout ratio (DPR) is 22.44%.
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.
Recommended Stories
- Five stocks we like better than Stantec
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.
