1,316,324 Shares in Stantec Inc. $STN Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,316,324 shares of the business services provider’s stock, valued at approximately $124,217,000. Norges Bank owned approximately 1.15% of Stantec as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in STN. Alliancebernstein L.P. increased its stake in shares of Stantec by 82.4% in the second 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 during the last quarter. Principal Financial Group Inc. boosted its position in Stantec by 126.0% during the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after purchasing an additional 519,545 shares during the last quarter. Bank of America Corp DE grew its stake in Stantec by 80.4% in the third quarter. Bank of America Corp DE now owns 870,352 shares of the business services provider’s stock valued at $93,824,000 after purchasing an additional 387,927 shares in the last quarter. Legal & General Group Plc grew its stake in Stantec by 44.5% in the third quarter. Legal & General Group Plc now owns 802,897 shares of the business services provider’s stock valued at $86,609,000 after purchasing an additional 247,087 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Stantec by 6.6% in the 3rd quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock worth $384,584,000 after purchasing an additional 219,733 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE:STN opened at $75.12 on Friday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 24.08 and a beta of 0.98. The business has a 50-day moving average of $84.26 and a two-hundred day moving average of $91.15. Stantec Inc. has a fifty-two week low of $72.46 and a fifty-two week high of $114.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities research analysts predict that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th. Stantec’s dividend payout ratio (DPR) is 22.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STN shares. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Royal Bank Of Canada raised their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. 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, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec 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.