700,268 Shares of Stantec Inc. $STN Bought by Value Partners Investments Inc.

Value Partners Investments Inc. purchased a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 700,268 shares of the business services provider’s stock, valued at approximately $47,352,000. Stantec makes up approximately 3.2% of Value Partners Investments Inc.’s holdings, making the stock its 16th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Wellington Altus USA Inc. acquired a new stake in Stantec in the 2nd quarter worth about $26,000. Fortitude Family Office LLC purchased a new stake in Stantec during the 3rd quarter worth approximately $32,000. Addison Advisors LLC acquired a new position in shares of Stantec during the second quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Stantec during the second quarter valued at approximately $62,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Stantec by 67.9% during the third quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 500 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Trading Down 1.0%

Shares of NYSE STN traded down $0.71 during trading on Monday, hitting $68.57. 230,967 shares of the company were exchanged, compared to its average volume of 381,568. The company has a fifty day moving average price of $71.01 and a 200-day moving average price of $74.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market capitalization of $7.69 billion, a PE ratio of 21.36 and a beta of 1.01. Stantec Inc. has a 12-month low of $65.35 and a 12-month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates 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, equities research analysts expect that Stantec Inc. will post 4.42 EPS for the current year.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were given a dividend of C$0.24 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. Stantec’s dividend payout ratio (DPR) is presently 22.12%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen downgraded Stantec from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings raised Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Company Profile

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects in areas including buildings, transportation, water, energy, and environmental services.

The company serves public- and private-sector clients across North America and in selected international markets. Its multidisciplinary teams help clients plan, design, manage, and deliver projects ranging from transportation networks and water systems to community developments, industrial facilities, and buildings.

Stantec was founded in 1954 in Edmonton, Alberta, by Dr.