Varma Mutual Pension Insurance Co Acquires New Position in Stantec Inc. $STN

Varma Mutual Pension Insurance Co acquired a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 98,300 shares of the business services provider’s stock, valued at approximately $9,288,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. increased its holdings in Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after buying an additional 126 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in Stantec in the fourth quarter valued at about $57,000. Danske Bank A S bought a new position in shares of Stantec during the third quarter valued at approximately $89,000. Finally, Keystone Financial Group bought a new position in shares of Stantec during the third quarter valued at approximately $103,000. 63.86% of the stock is owned by institutional investors.

Stantec Stock Up 1.4%

NYSE:STN opened at $92.20 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $89.40 and a 200-day moving average of $96.02. The firm has a market capitalization of $10.52 billion, a PE ratio of 30.53 and a beta of 1.06. Stantec Inc. has a 52 week low of $84.08 and a 52 week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.65 billion. Stantec had a return on equity of 17.56% and a net margin of 5.90%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts predict that Stantec Inc. will post 4.47 EPS for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.245 per share. This is a boost from Stantec’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 31st. Stantec’s payout ratio is presently 23.18%.

Analyst Upgrades and Downgrades

STN has been the subject of several recent research reports. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings raised Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Zacks Research raised Stantec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $175.00.

Stantec Company Profile

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.