Connor Clark & Lunn Investment Management Ltd. Buys Shares of 143,215 Stantec Inc. $STN

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 143,215 shares of the business services provider’s stock, valued at approximately $9,869,000.

A number of other hedge funds and other institutional investors have also modified their holdings of STN. Allworth Financial LP lifted its stake in shares of Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after buying an additional 206 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after acquiring an additional 249 shares during the period. Addison Advisors LLC purchased a new stake in Stantec in the 2nd quarter worth approximately $33,000. Leonteq Securities AG acquired a new position in Stantec in the 4th quarter valued at $37,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Stock Performance

NYSE:STN opened at $75.58 on Thursday. 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 company has a market cap of $8.50 billion, a P/E ratio of 23.55 and a beta of 0.99. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The firm’s 50 day moving average is $70.78 and its two-hundred day moving average is $80.34.

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, 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 company 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. Analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s dividend payout ratio (DPR) is presently 21.50%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings lowered Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. 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, the stock currently 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.