Mackenzie Financial Corp Has $622.67 Million Stock Holdings in Stantec Inc. $STN

Mackenzie Financial Corp decreased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,774,911 shares of the business services provider’s stock after selling 391,585 shares during the quarter. Stantec accounts for approximately 0.8% of Mackenzie Financial Corp’s holdings, making the stock its 25th biggest position. Mackenzie Financial Corp owned approximately 5.06% of Stantec worth $622,670,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares during the period. Simplex Trading LLC purchased a new stake in shares of Stantec in the second quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 411 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 during the period. Finally, McIlrath & Eck LLC acquired a new stake in shares of Stantec during the second quarter worth approximately $143,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Down 1.0%

NYSE:STN opened at $90.36 on Wednesday. The company has a market capitalization of $10.31 billion, a P/E ratio of 29.92 and a beta of 1.12. The stock’s 50 day moving average price is $95.81 and its 200 day moving average price is $101.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. Stantec Inc. has a 52 week low of $77.07 and a 52 week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its 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. The firm 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 forecast that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

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

Wall Street Analyst Weigh In

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

Stantec 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.