Neuberger Berman Group LLC Raises Holdings in Stantec Inc. $STN

Neuberger Berman Group LLC grew its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 54.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,900 shares of the business services provider’s stock after purchasing an additional 79,446 shares during the period. Neuberger Berman Group LLC owned about 0.20% of Stantec worth $24,256,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. increased 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 in the last quarter. Simplex Trading LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at about $32,000. Tower Research Capital LLC TRC grew 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 stake in shares of Stantec by 122.5% in the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after acquiring an additional 392 shares during the period. Finally, McIlrath & Eck LLC purchased a new position in shares of Stantec during the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

Shares of NYSE STN opened at $90.51 on Friday. The firm has a 50 day moving average of $96.00 and a 200 day moving average of $101.85. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 29.97 and a beta of 1.12. Stantec Inc. has a 12-month low of $77.07 and a 12-month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Stantec had a net margin of 5.90% and a return on equity of 17.56%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, research analysts anticipate that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.245 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, March 31st. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. Stantec’s dividend payout ratio (DPR) is currently 21.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on STN shares. Royal Bank Of Canada increased their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.