Nicola Wealth Management LTD. Reduces Position in Stantec Inc. $STN

Nicola Wealth Management LTD. trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,600 shares of the business services provider’s stock after selling 16,600 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Stantec were worth $6,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of STN. Jones Financial Companies Lllp increased its position in shares of Stantec by 1,504.9% during the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after acquiring an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after acquiring an additional 22,524 shares during the last quarter. Jane Street Group LLC increased its holdings in Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after buying an additional 9,325 shares during the last quarter. Cetera Investment Advisers bought a new stake in Stantec in the second quarter valued at about $361,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Stantec by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after buying an additional 180 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings lowered Stantec from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 15th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Royal Bank Of Canada boosted their price objective on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Stock Up 0.0%

NYSE:STN opened at $76.57 on Monday. The firm has a market capitalization of $8.73 billion, a PE ratio of 24.54 and a beta of 1.06. The stock has a 50 day moving average of $86.61 and a 200-day moving average of $93.18. Stantec Inc. has a 52 week low of $72.46 and a 52 week high of $114.51. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Stantec had a return on equity of 17.69% and a net margin of 5.92%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts predict that Stantec Inc. will post 4.5 EPS for the current year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Stantec’s dividend payout ratio is 22.44%.

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.