QV Investors Inc. grew its stake in Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) by 48.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 759,645 shares of the business services provider’s stock after acquiring an additional 247,980 shares during the quarter. Stantec comprises approximately 3.8% of QV Investors Inc.’s investment portfolio, making the stock its 6th biggest position. QV Investors Inc. owned about 0.68% of Stantec worth $51,333,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of STN. Pictet Asset Management Holding SA increased its holdings in shares of Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares during the last quarter. Man Group plc purchased a new stake in shares of Stantec during the 2nd quarter valued at approximately $121,285,000. Cardinal Capital Management Inc. acquired a new position in Stantec in the third quarter valued at approximately $109,514,000. Bank of America Corp DE acquired a new position in Stantec in the second quarter valued at approximately $104,075,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Stantec in the second quarter valued at approximately $98,396,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.
Stantec Stock Up 0.6%
Stantec stock opened at $68.98 on Wednesday. The firm has a market capitalization of $7.73 billion, a P/E ratio of 21.49 and a beta of 1.01. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. Stantec Inc. has a twelve month low of $65.35 and a twelve month high of $114.51. The stock’s fifty day simple moving average is $70.80 and its 200-day simple moving average is $74.69.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last released its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. Stantec had a return on equity of 19.70% and a net margin of 5.91%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts expect that Stantec Inc. will post 4.42 earnings per share for the current fiscal year.
Stantec Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were issued a C$0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.4%. Stantec’s dividend payout ratio (DPR) is 21.81%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Wall Street Zen cut Stantec from a “buy” rating to a “hold” rating in a research note on Saturday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Weiss Ratings raised Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Five research 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, Stantec presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.
Read Our Latest Analysis on STN
Stantec Profile
Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects in areas including buildings, transportation, water, energy, and environmental services.
The company serves public- and private-sector clients across North America and in selected international markets. Its multidisciplinary teams help clients plan, design, manage, and deliver projects ranging from transportation networks and water systems to community developments, industrial facilities, and buildings.
Stantec was founded in 1954 in Edmonton, Alberta, by Dr.
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