Alberta Investment Management Corp Buys New Holdings in Stantec Inc. $STN

Alberta Investment Management Corp purchased a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 591,000 shares of the business services provider’s stock, valued at approximately $55,771,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of STN. Jones Financial Companies Lllp grew its holdings 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 worth $162,000 after purchasing an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Stantec by 15.9% during 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 period. Jane Street Group LLC grew its holdings in Stantec by 73.2% during the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after purchasing an additional 9,325 shares during the period. Cetera Investment Advisers bought a new position in Stantec during the second quarter worth about $361,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after purchasing an additional 180 shares during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.5%

Shares of STN stock opened at $71.17 on Tuesday. The firm has a 50 day moving average price of $82.30 and a two-hundred day moving average price of $90.01. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.12 billion, a PE ratio of 22.81 and a beta of 0.98. Stantec Inc. has a 12-month low of $70.84 and a 12-month high of $114.51.

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

Stantec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.245 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 annualized dividend and a yield of 1.4%. Stantec’s dividend payout ratio (DPR) is 22.44%.

Analysts Set New Price Targets

STN has been the subject of a number of research analyst reports. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings cut Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and a consensus 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.