TD Asset Management Inc Sells 255,937 Shares of Stantec Inc. $STN

TD Asset Management Inc trimmed its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 26.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 705,663 shares of the business services provider’s stock after selling 255,937 shares during the period. TD Asset Management Inc’s holdings in Stantec were worth $76,120,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Westside Investment Management Inc. boosted its holdings in Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after buying an additional 126 shares during the period. Simplex Trading LLC purchased a new position in shares of Stantec in the second quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its stake 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. PNC Financial Services Group Inc. grew its position in shares of Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after purchasing an additional 392 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of Stantec during the second quarter worth about $143,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 5.6%

NYSE STN opened at $95.32 on Friday. The stock has a 50 day moving average price of $96.46 and a 200-day moving average price of $102.53. Stantec Inc. has a one year low of $77.07 and a one year high of $114.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $10.87 billion, a P/E ratio of 31.56 and a beta of 1.12.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Stantec had a net margin of 5.90% and a return on equity of 17.22%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts predict that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.245 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.98 annualized dividend and a dividend yield of 1.0%. This is a positive change from Stantec’s previous quarterly dividend of $0.23. Stantec’s dividend payout ratio is currently 21.71%.

Analyst Upgrades and Downgrades

STN has been the topic of a number of research analyst reports. Desjardins reissued a “buy” rating on shares of Stantec in a report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.