Swiss National Bank Raises Stock Position in Stantec Inc. $STN

Swiss National Bank increased its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 27.0% during the first quarter, HoldingsChannel.com reports. The fund owned 383,970 shares of the business services provider’s stock after acquiring an additional 81,700 shares during the period. Swiss National Bank’s holdings in Stantec were worth $33,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock worth $468,622,000 after purchasing an additional 92,641 shares during the period. Bank of Montreal Can boosted its stake in Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after buying an additional 897,912 shares during the period. Royal Bank of Canada grew its position in Stantec by 2.9% during the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after buying an additional 117,613 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Stantec by 19.0% during the first quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after acquiring an additional 1,558,703 shares during the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on STN. Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Weiss Ratings downgraded 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, Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Stock Performance

Shares of NYSE STN opened at $66.72 on Friday. The stock’s 50-day moving average is $71.54 and its 200 day moving average is $84.83. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 21.39 and a beta of 1.00. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results 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. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, sell-side analysts anticipate that Stantec Inc. will post 4.43 EPS for the current fiscal year.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 30th. Stantec’s payout ratio is presently 22.12%.

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.