Man Group plc Invests $121.28 Million in Stantec Inc. $STN

Man Group plc acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,759,096 shares of the business services provider’s stock, valued at approximately $121,285,000.

A number of other large investors have also made changes to their positions in STN. Vanguard Group Inc. lifted its stake in shares of Stantec by 1.9% in 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 stake in Stantec by 25.2% during 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 acquiring an additional 897,912 shares during the period. Royal Bank of Canada increased its stake in Stantec by 2.9% during the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after acquiring an additional 117,613 shares during the period. Pictet Asset Management Holding SA raised its holdings in Stantec by 19.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock valued at $300,340,000 after acquiring an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings 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 acquiring an additional 1,558,703 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Performance

NYSE STN opened at $73.50 on Wednesday. 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 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8.26 billion, a P/E ratio of 22.90 and a beta of 0.99. The company’s 50-day simple moving average is $70.66 and its 200 day simple moving average is $80.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly 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. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 annualized dividend and a yield of 1.3%. Stantec’s payout ratio is currently 21.50%.

Analyst Ratings Changes

A number of analysts have commented on the company. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Five equities research 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 company has an average rating of “Moderate Buy” and a consensus price target 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.