The Manufacturers Life Insurance Company Decreases Stock Holdings in Stantec Inc. $STN

The Manufacturers Life Insurance Company reduced its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,394,724 shares of the business services provider’s stock after selling 64,772 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Stantec were worth $120,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG boosted its position in Stantec by 23.2% during the fourth quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock worth $36,861,000 after purchasing an additional 73,539 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Stantec by 126.0% in the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after buying an additional 519,545 shares in the last quarter. Louisbourg Investments Inc. increased its position in shares of Stantec by 97.4% in the fourth quarter. Louisbourg Investments Inc. now owns 42,005 shares of the business services provider’s stock valued at $3,969,000 after buying an additional 20,721 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Stantec during the 4th quarter worth $598,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Stantec by 6.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 470,442 shares of the business services provider’s stock worth $44,344,000 after buying an additional 29,718 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STN. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five 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.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Performance

NYSE STN opened at $71.86 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The business has a fifty day moving average of $71.12 and a 200-day moving average of $84.23. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 23.03 and a beta of 1.00.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec had a return on equity of 19.37% and a net margin of 5.92%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, analysts predict that Stantec Inc. will post 4.43 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, June 30th. Stantec’s dividend payout ratio is 22.12%.

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.