Stantec Inc. $STN Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 19.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,485,388 shares of the business services provider’s stock after buying an additional 557,434 shares during the period. Pictet Asset Management Holding SA owned about 3.06% of Stantec worth $300,340,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STN. UBS Group AG raised its position in Stantec by 23.2% in the fourth quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock worth $36,861,000 after acquiring an additional 73,539 shares in the last quarter. Bank of Montreal Can lifted its holdings in Stantec by 6.6% in the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after acquiring an additional 219,733 shares during the period. Principal Financial Group Inc. boosted its position in shares of Stantec by 126.0% during the 4th quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock worth $88,066,000 after purchasing an additional 519,545 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Stantec by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after purchasing an additional 26,388 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Stantec by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 588,242 shares of the business services provider’s stock worth $63,412,000 after purchasing an additional 75,108 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Up 2.0%

Shares of STN stock opened at $69.35 on Friday. Stantec Inc. has a fifty-two week low of $66.94 and a fifty-two week high of $114.51. The stock has a market cap of $7.91 billion, a P/E ratio of 22.23 and a beta of 0.98. The business has a fifty day simple moving average of $78.86 and a 200-day simple moving average of $88.37. 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 (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, analysts forecast that Stantec Inc. will post 4.5 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.245 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec’s dividend payout ratio is currently 22.44%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STN. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Royal Bank Of Canada increased their target price on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.