Korea Investment CORP Purchases New Position in Stantec Inc. $STN

Korea Investment CORP acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 105,479 shares of the business services provider’s stock, valued at approximately $7,273,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 valued at $468,622,000 after acquiring an additional 92,641 shares in the last quarter. Bank of Montreal Can boosted its holdings in Stantec by 25.2% in the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after purchasing an additional 897,912 shares during the period. Royal Bank of Canada boosted its holdings in Stantec by 2.9% in the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after purchasing an additional 117,613 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after purchasing an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after purchasing an additional 1,558,703 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Up 0.2%

STN opened at $74.22 on Tuesday. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $70.62 and a 200-day moving average of $80.70. The stock has a market cap of $8.34 billion, a PE ratio of 23.12 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Stantec had a return on equity of 19.70% and a net margin of 5.91%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, sell-side analysts predict that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec’s dividend payout ratio (DPR) is presently 21.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STN shares. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings downgraded Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.