Swiss National Bank Sells 18,600 Shares of Stantec Inc. $STN

Swiss National Bank cut its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 328,270 shares of the business services provider’s stock after selling 18,600 shares during the period. Swiss National Bank owned about 0.29% of Stantec worth $35,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Stantec by 1,504.9% during the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Stantec by 15.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after purchasing an additional 22,524 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Stantec by 73.2% during the 1st quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 9,325 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Stantec by 100.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock valued at $569,000 after purchasing an additional 2,626 shares during the period. Finally, Simplex Trading LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at about $32,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Stock Performance

Stantec stock traded down $0.37 during midday trading on Friday, hitting $88.48. The stock had a trading volume of 30,682 shares, compared to its average volume of 333,116. Stantec Inc. has a 52-week low of $77.07 and a 52-week high of $114.51. The company has a market capitalization of $10.09 billion, a PE ratio of 29.40 and a beta of 1.12. The firm’s fifty day moving average is $95.64 and its two-hundred day moving average is $101.40. 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 results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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. On average, research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.98 annualized dividend and a yield of 1.1%. This is an increase from Stantec’s previous quarterly dividend of $0.23. Stantec’s payout ratio is currently 21.85%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Finally, Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.