Plato Investment Management Ltd Acquires New Position in Stantec Inc. $STN

Plato Investment Management Ltd bought a new position in Stantec Inc. (NYSE:STNFree Report) (TSE:STN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 18,174 shares of the business services provider’s stock, valued at approximately $1,247,000.

A number of other large investors have also made changes to their positions in STN. Allworth Financial LP increased its holdings in shares of Stantec by 223.9% in the fourth 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 increased its stake in shares of Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after acquiring an additional 249 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Stantec in the 4th quarter worth $37,000. Tower Research Capital LLC TRC raised its holdings in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the period. Finally, State of Wyoming acquired a new position in shares of Stantec during the 4th quarter valued at about $63,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Stock Up 0.8%

Stantec stock opened at $74.31 on Tuesday. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. 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 firm has a 50 day moving average price of $70.41 and a 200 day moving average price of $81.62. The company has a market capitalization of $8.35 billion, a PE ratio of 23.15 and a beta of 0.99.

Stantec (NYSE:STNGet Free Report) (TSE:STN) last announced its earnings results 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. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Research analysts expect that Stantec Inc. will post 4.41 earnings per share for the current year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec’s dividend payout ratio is currently 21.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings lowered shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a report on Friday. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Friday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Read Our Latest Stock Report on Stantec

Stantec Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Stantec (NYSE:STN)

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