Renaissance Technologies LLC Has $6.72 Million Stake in Stantec Inc. $STN

Renaissance Technologies LLC trimmed its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 38.2% during the first quarter, Holdings Channel.com reports. The firm owned 77,750 shares of the business services provider’s stock after selling 48,050 shares during the period. Renaissance Technologies LLC’s holdings in Stantec were worth $6,718,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STN. Jones Financial Companies Lllp raised its position in Stantec by 1,504.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Stantec by 15.9% in the 1st 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 buying an additional 22,524 shares during the last quarter. Jane Street Group LLC boosted its position in Stantec by 73.2% in the 1st 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 acquired a new stake in shares of Stantec in the 2nd quarter valued at $361,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after acquiring an additional 180 shares during the last quarter. 63.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on STN. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. 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 shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Trading Up 1.3%

Shares of NYSE STN opened at $72.61 on Wednesday. The company’s fifty day moving average is $70.62 and its 200-day moving average is $83.28. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 23.27 and a beta of 0.99. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. 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 announced its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts predict that Stantec Inc. will post 4.43 EPS for the current year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Stantec’s payout ratio is presently 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.