TD Asset Management Inc Boosts Holdings in Stantec Inc. $STN

TD Asset Management Inc raised its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 758,607 shares of the business services provider’s stock after purchasing an additional 52,944 shares during the quarter. TD Asset Management Inc owned 0.67% of Stantec worth $71,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its position in shares of Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares during the period. Allworth Financial LP raised its position in shares of Stantec by 223.9% in the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares during the period. Leonteq Securities AG acquired a new position in shares of Stantec in the fourth quarter worth about $37,000. Tower Research Capital LLC TRC raised its position in shares of Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Stantec in the fourth quarter worth about $57,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 1.9%

Shares of NYSE STN opened at $73.87 on Friday. Stantec Inc. has a 12-month low of $72.46 and a 12-month high of $114.51. The stock has a market cap of $8.43 billion, a PE ratio of 23.68 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $83.96 and a 200 day moving average of $91.03.

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

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s dividend payout ratio is currently 22.44%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on STN shares. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada upped their price target on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $175.00.

Stantec Company 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.