47,912 Shares in Stantec Inc. $STN Purchased by Nykredit A S

Nykredit A S purchased a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, Holdings Channel reports. The firm purchased 47,912 shares of the business services provider’s stock, valued at approximately $3,303,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Man Group plc acquired a new stake in shares of Stantec in the second quarter worth approximately $121,285,000. Alliancebernstein L.P. increased its position in Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after purchasing an additional 1,558,703 shares during the last quarter. Bank of America Corp DE acquired a new position in Stantec during the second quarter worth approximately $104,075,000. The Manufacturers Life Insurance Company purchased a new position in Stantec during the second quarter worth approximately $98,396,000. Finally, Norges Bank purchased a new position in Stantec during the fourth quarter worth approximately $124,217,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of STN stock opened at $73.55 on Monday. The company’s fifty day simple moving average is $71.48 and its 200-day simple moving average is $79.27. Stantec Inc. has a 52 week low of $66.26 and a 52 week 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. The company has a market cap of $8.27 billion, a PE ratio of 22.91 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share 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 firm 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. As a group, equities research analysts anticipate that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.245 per share. 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 payout ratio is currently 21.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Weiss Ratings cut Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stantec has an average rating of “Moderate Buy” and an average 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.