Geode Capital Management LLC Purchases 68,978 Shares of Stantec Inc. $STN

Geode Capital Management LLC grew its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,058,720 shares of the business services provider’s stock after purchasing an additional 68,978 shares during the quarter. Geode Capital Management LLC owned approximately 0.93% of Stantec worth $100,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Wolverine Trading LLC boosted its position in shares of Stantec by 2.4% in the third quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock worth $551,000 after purchasing an additional 120 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in shares of Stantec by 4.1% in the third quarter. Harvest Portfolios Group Inc. now owns 3,120 shares of the business services provider’s stock worth $336,000 after buying an additional 122 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Stantec by 100.0% in the third 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. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 180 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Stantec by 223.9% in the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after buying an additional 206 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on STN shares. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Price Performance

Stantec stock opened at $73.87 on Friday. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 23.68 and a beta of 0.98. The firm’s fifty day moving average is $83.96 and its 200 day moving average is $91.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 52-week low of $72.46 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 19.37%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts forecast that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s dividend payout ratio is presently 22.44%.

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.