Stantec Inc. $STN Shares Purchased by QV Investors Inc.

QV Investors Inc. boosted its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 219.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 511,665 shares of the business services provider’s stock after buying an additional 351,330 shares during the quarter. Stantec makes up about 2.7% of QV Investors Inc.’s investment portfolio, making the stock its 14th largest position. QV Investors Inc.’s holdings in Stantec were worth $35,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in STN. Man Group plc acquired a new stake in Stantec in the second quarter worth about $121,285,000. Alliancebernstein L.P. grew its position in Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after buying an additional 1,558,703 shares in the last quarter. Bank of America Corp DE acquired a new position in Stantec during the 2nd quarter valued at about $104,075,000. The Manufacturers Life Insurance Company acquired a new position in Stantec during the 2nd quarter valued at about $98,396,000. Finally, Norges Bank bought a new stake in shares of Stantec during the 4th quarter worth about $124,217,000. Institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

STN has been the subject of several recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Weiss Ratings downgraded Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

Shares of NYSE STN opened at $74.90 on Monday. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $71.06 and a two-hundred day moving average of $79.96. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 23.33 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, analysts expect that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec’s payout ratio is 21.50%.

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.