Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $70.76 and last traded at $70.9890, with a volume of 47977 shares. The stock had previously closed at $71.25.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on STN. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada raised their target price on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.
Check Out Our Latest Stock Report on STN
Stantec Price Performance
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts anticipate that Stantec Inc. will post 4.5 EPS for the current year.
Stantec Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s dividend payout ratio is presently 22.44%.
Hedge Funds Weigh In On Stantec
Institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its stake in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Stantec by 264.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Leonteq Securities AG acquired a new position in Stantec during the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC boosted its stake in Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Stantec during the 4th quarter valued at about $57,000. 63.86% of the stock is owned by institutional investors and hedge funds.
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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