Stantec Inc. $STN Stock Position Lifted by Legal & General Group Plc

Legal & General Group Plc boosted its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 11.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 892,069 shares of the business services provider’s stock after purchasing an additional 89,172 shares during the period. Legal & General Group Plc owned about 0.78% of Stantec worth $84,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STN. Jones Financial Companies Lllp grew its position in 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 valued at $162,000 after purchasing an additional 1,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 valued at $13,621,000 after purchasing an additional 22,524 shares in the last quarter. Jane Street Group LLC grew its position in Stantec by 73.2% during 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 purchasing an additional 9,325 shares in the last quarter. Cetera Investment Advisers purchased a new position in Stantec during the second quarter valued at approximately $361,000. Finally, EverSource Wealth Advisors LLC grew its position in Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 180 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Performance

STN stock opened at $75.54 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 24.21 and a beta of 1.06. Stantec Inc. has a 12 month low of $72.46 and a 12 month high of $114.51. The firm has a 50 day moving average of $85.30 and a two-hundred day moving average of $92.15.

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, topping the consensus estimate of $0.95 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 19.37%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts anticipate that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.245 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s dividend payout ratio (DPR) is presently 23.08%.

Analyst Ratings Changes

A number of research analysts recently commented on STN shares. Royal Bank Of Canada boosted their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Stantec presently has an average 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.