Jupiter Topco LLC acquired a new stake in shares of Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 881,814 shares of the business services provider’s stock, valued at approximately $60,762,000. Jupiter Topco LLC owned about 0.78% of Stantec at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STN. Allworth Financial LP lifted its holdings in Stantec by 223.9% in the fourth 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. Caitong International Asset Management Co. Ltd grew its stake in shares of Stantec by 264.9% in the fourth 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 bought a new stake in Stantec during the 4th quarter valued at about $37,000. Addison Advisors LLC bought a new stake in shares of Stantec during the second quarter valued at approximately $33,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on STN shares. Weiss Ratings cut shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.00.
Stantec Price Performance
Shares of STN stock opened at $74.62 on Friday. The firm has a market capitalization of $8.39 billion, a P/E ratio of 23.25 and a beta of 0.99. Stantec Inc. has a 52-week low of $66.26 and a 52-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 stock has a 50 day moving average price of $70.92 and a 200 day moving average price of $80.16.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.15 by $0.01. The company 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. As a group, sell-side analysts predict that Stantec Inc. will post 4.46 earnings per share for the current year.
Stantec Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.245 per share. 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 presently 21.50%.
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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