Wellington Management Group LLP Acquires New Shares in Stantec Inc. $STN

Wellington Management Group LLP bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 172,715 shares of the business services provider’s stock, valued at approximately $11,908,000. Wellington Management Group LLP owned 0.15% of Stantec at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Stantec in the second quarter valued at $541,000. Bank of America Corp DE purchased a new stake in Stantec during the 2nd quarter worth about $104,075,000. Man Group plc purchased a new stake in Stantec during the 2nd quarter worth about $121,285,000. Jupiter Topco LLC bought a new position in Stantec in the 2nd quarter worth about $60,762,000. Finally, Hsbc Holdings PLC bought a new position in Stantec in the 2nd quarter worth about $4,788,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings lowered Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Price Performance

Shares of NYSE:STN opened at $73.55 on Tuesday. The company’s fifty day moving average price is $71.57 and its 200-day moving average price is $79.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 22.91 and a beta of 0.99. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities research analysts anticipate that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.245 per share. 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 payout ratio is 21.50%.

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.