Stantec Inc. $STN Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 19.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,485,388 shares of the business services provider’s stock after acquiring an additional 557,434 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Stantec were worth $300,340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in shares of Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after acquiring an additional 1,558,703 shares during the last quarter. Norges Bank acquired a new position in Stantec in the 4th quarter valued at about $124,217,000. BCV Asset Management Inc. acquired a new position in Stantec in the 4th quarter valued at about $93,015,000. Bank of Montreal Can lifted its holdings in Stantec by 25.2% in the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after purchasing an additional 897,912 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of Stantec by 103.5% during the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock valued at $149,247,000 after buying an additional 803,322 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on STN shares. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada lifted 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Stock Up 2.0%

Shares of NYSE STN opened at $69.35 on Friday. The stock has a fifty day moving average price of $78.86 and a 200 day moving average price of $88.37. 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 12-month low of $66.94 and a 12-month high of $114.51. The company has a market cap of $7.91 billion, a P/E ratio of 22.23 and a beta of 0.98.

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

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, June 30th. Stantec’s dividend payout ratio is currently 22.44%.

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.