Plato Investment Management Ltd Purchases Shares of 18,174 Stantec Inc. $STN

Plato Investment Management Ltd acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,174 shares of the business services provider’s stock, valued at approximately $1,247,000.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its position in Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 206 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Stantec during the 4th quarter worth approximately $37,000. Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Stantec during the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on STN. Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Friday. Finally, Weiss Ratings lowered Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Stantec currently has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Performance

STN opened at $74.31 on Tuesday. The firm’s fifty day simple moving average is $70.41 and its two-hundred day simple moving average is $81.62. Stantec Inc. has a 52-week low of $66.26 and a 52-week high of $114.51. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 23.15 and a beta of 0.99. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities analysts anticipate that Stantec Inc. will post 4.41 earnings per share for the current fiscal year.

Stantec Announces Dividend

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