Hsbc Holdings PLC Acquires Shares of 69,476 Stantec Inc. $STN

Hsbc Holdings PLC bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, HoldingsChannel reports. The institutional investor bought 69,476 shares of the business services provider’s stock, valued at approximately $4,788,000.

Several other large investors also recently modified their holdings of the stock. UBS Group AG lifted its position in Stantec by 23.2% during the fourth quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock worth $36,861,000 after purchasing an additional 73,539 shares during the period. Bank of America Corp DE increased its holdings in Stantec by 12.6% in the 1st quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock valued at $98,555,000 after buying an additional 127,229 shares during the period. Principal Financial Group Inc. raised its position in shares of Stantec by 126.0% in the 4th quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after buying an additional 519,545 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Stantec by 59.8% in the 1st quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock valued at $5,090,000 after buying an additional 22,036 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new stake in shares of Stantec during the 4th quarter worth approximately $3,980,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STN shares. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings cut 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.com, Stantec has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Trading Up 0.3%

Shares of Stantec stock opened at $74.90 on Friday. The firm’s 50 day moving average is $71.06 and its 200 day moving average is $80.12. The firm has a market capitalization of $8.42 billion, a PE ratio of 23.33 and a beta of 0.99. Stantec Inc. has a 1 year low of $66.26 and a 1 year 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.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

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. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 29th. Stantec’s dividend 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.