17,732 Shares in Stantec Inc. $STN Purchased by Purpose Unlimited Inc.

Purpose Unlimited Inc. bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,732 shares of the business services provider’s stock, valued at approximately $1,673,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock worth $468,622,000 after buying an additional 92,641 shares in the last quarter. Bank of Montreal Can grew its stake in Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after acquiring an additional 897,912 shares in the last quarter. Royal Bank of Canada grew its stake in Stantec by 2.9% during the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after acquiring an additional 117,613 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Stantec by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after acquiring an additional 26,388 shares during the period. Finally, Man Group plc increased its holdings in Stantec by 103.5% during the 4th quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after acquiring an additional 803,322 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STN shares. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. 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 research report on Monday, March 2nd. 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 reiterated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Finally, Weiss Ratings lowered Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Down 0.1%

STN stock opened at $67.63 on Friday. The company’s 50 day moving average is $80.86 and its 200 day moving average is $89.29. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 21.68 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 1-year low of $67.14 and a 1-year high of $114.51.

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

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s payout ratio is currently 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.