Connor Clark & Lunn Investment Management Ltd. Sells 554,726 Shares of Stantec Inc. $STN

Connor Clark & Lunn Investment Management Ltd. lowered its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,336,617 shares of the business services provider’s stock after selling 554,726 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.17% of Stantec worth $144,117,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Barometer Capital Management Inc. grew its holdings in Stantec by 1.2% in the third quarter. Barometer Capital Management Inc. now owns 46,990 shares of the business services provider’s stock worth $5,066,000 after purchasing an additional 560 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Stantec by 82.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,010 shares of the business services provider’s stock valued at $5,714,000 after purchasing an additional 23,934 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in shares of Stantec during the 3rd quarter valued at $2,695,000. Franklin Resources Inc. boosted its position in shares of Stantec by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 73,443 shares of the business services provider’s stock worth $7,919,000 after purchasing an additional 19,655 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Stantec by 6.6% during 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 buying an additional 219,733 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on STN. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Finally, Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Stock Up 1.0%

Shares of STN stock opened at $91.39 on Thursday. Stantec Inc. has a twelve month low of $77.07 and a twelve month high of $114.51. The stock has a market cap of $10.42 billion, a P/E ratio of 30.26 and a beta of 1.12. The stock has a 50 day moving average of $95.75 and a 200 day moving average of $101.49. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Stantec had a net margin of 5.90% and a return on equity of 17.56%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.245 per share. This is a boost from Stantec’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Stantec’s dividend payout ratio (DPR) is 21.85%.

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.