Stantec Inc. $STN Stock Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. raised its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 52.8% during the third quarter, HoldingsChannel.com reports. The firm owned 193,686 shares of the business services provider’s stock after acquiring an additional 66,952 shares during the quarter. Cidel Asset Management Inc.’s holdings in Stantec were worth $13,088,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Man Group plc bought a new position in shares of Stantec in the 2nd quarter valued at about $121,285,000. Cardinal Capital Management Inc. bought a new stake in shares of Stantec during the third quarter worth approximately $109,514,000. Bank of America Corp DE bought a new stake in shares of Stantec during the second quarter worth approximately $104,075,000. The Manufacturers Life Insurance Company acquired a new position in Stantec in the second quarter valued at approximately $98,396,000. Finally, Canada Pension Plan Investment Board acquired a new position in Stantec in the second quarter valued at approximately $79,047,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STN has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Wall Street Zen downgraded Stantec from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Price Performance

Shares of NYSE STN opened at $72.30 on Friday. The company has a fifty day moving average price of $70.39 and a 200 day moving average price of $79.70. The firm has a market cap of $8.11 billion, a PE ratio of 22.52 and a beta of 1.01. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 1-year low of $65.35 and a 1-year high of $111.80.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate 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. Research analysts predict that Stantec Inc. will post 4.42 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were issued a dividend of C$0.24 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. Stantec’s dividend payout ratio (DPR) is presently 22.12%.

About Stantec

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects in areas including buildings, transportation, water, energy, and environmental services.

The company serves public- and private-sector clients across North America and in selected international markets. Its multidisciplinary teams help clients plan, design, manage, and deliver projects ranging from transportation networks and water systems to community developments, industrial facilities, and buildings.

Stantec was founded in 1954 in Edmonton, Alberta, by Dr.