Stantec Inc. $STN Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc trimmed its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 78.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,000 shares of the business services provider’s stock after selling 26,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Stantec were worth $604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Stantec by 1,504.9% in the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 buying an additional 22,524 shares during the period. Jane Street Group LLC boosted its position in shares of 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 buying an additional 9,325 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Stantec in the second quarter valued at $361,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Stantec by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 0.1%

NYSE:STN opened at $69.93 on Monday. Stantec Inc. has a 12-month low of $66.94 and a 12-month high of $114.51. The firm has a market cap of $7.92 billion, a PE ratio of 22.41 and a beta of 1.00. 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 stock has a fifty day moving average price of $76.70 and a 200 day moving average price of $87.42.

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

Stantec Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, June 30th. Stantec’s dividend payout ratio is presently 22.76%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STN. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Stantec has an average rating of “Moderate Buy” and an average price target of $175.00.

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.