Cibc World Market Inc. Makes New $32.32 Million Investment in Stantec Inc. $STN

Cibc World Market Inc. bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 469,043 shares of the business services provider’s stock, valued at approximately $32,322,000. Cibc World Market Inc. owned approximately 0.42% of Stantec at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock valued at $468,622,000 after buying an additional 92,641 shares during the period. Bank of Montreal Can increased its holdings in Stantec by 25.2% in the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after buying an additional 897,912 shares in the last quarter. Royal Bank of Canada raised its position in shares of Stantec by 2.9% in the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after acquiring an additional 117,613 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Stantec by 19.0% in the first quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after acquiring an additional 557,434 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after acquiring an additional 1,558,703 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Down 0.1%

STN stock opened at $74.02 on Monday. Stantec Inc. has a 52 week low of $66.26 and a 52 week high of $114.51. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $70.56 and a 200-day simple moving average of $80.88. The stock has a market capitalization of $8.32 billion, a P/E ratio of 23.06 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities analysts forecast that Stantec Inc. will post 4.46 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. Stockholders of record on Tuesday, September 29th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec’s payout ratio is currently 21.50%.

Analyst Ratings Changes

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

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.