Cidel Asset Management Inc. Boosts Holdings in Stantec Inc. $STN

Cidel Asset Management Inc. grew its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 159.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,724 shares of the business services provider’s stock after purchasing an additional 100,512 shares during the quarter. Cidel Asset Management Inc.’s holdings in Stantec were worth $14,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of STN. Jones Financial Companies Lllp boosted its holdings in Stantec by 1,504.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after buying an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Stantec by 15.9% in 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 valued at $13,621,000 after acquiring an additional 22,524 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after acquiring an additional 9,325 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Stantec in the second quarter worth approximately $361,000. Finally, EverSource Wealth Advisors LLC boosted 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 worth $148,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 0.5%

Shares of Stantec stock opened at $68.14 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $80.10 and its 200-day simple moving average is $88.87. The stock has a market cap of $7.77 billion, a P/E ratio of 21.84 and a beta of 0.98. Stantec Inc. has a 1-year low of $66.94 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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. Analysts predict that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. Stantec’s dividend payout ratio (DPR) is 22.44%.

Analysts Set New Price Targets

Several brokerages recently commented on STN. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Royal Bank Of Canada lifted their target price on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Finally, Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.