OMERS ADMINISTRATION Corp Acquires Shares of 17,100 Stantec Inc. $STN

OMERS ADMINISTRATION Corp bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the second quarter, HoldingsChannel.com reports. The firm bought 17,100 shares of the business services provider’s stock, valued at approximately $1,179,000.

Other hedge funds also recently made changes to their positions in the company. Wolverine Trading LLC boosted its stake 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 valued at $551,000 after buying an additional 120 shares during the period. Parallel Advisors LLC increased its stake in Stantec by 15.3% during the 4th quarter. Parallel Advisors LLC now owns 1,004 shares of the business services provider’s stock worth $95,000 after acquiring an additional 133 shares during the period. EverSource Wealth Advisors LLC increased its stake in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after acquiring an additional 180 shares during the period. Allworth Financial LP increased its stake in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Stantec by 3.5% in the 4th quarter. Engineers Gate Manager LP now owns 7,036 shares of the business services provider’s stock valued at $664,000 after acquiring an additional 237 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Trading Up 2.8%

STN opened at $75.58 on Thursday. The company has a market cap of $8.50 billion, a P/E ratio of 23.55 and a beta of 0.99. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $70.78 and its 200-day moving average is $80.34. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts predict that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.245 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Stantec’s dividend payout ratio is 21.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Weiss Ratings lowered shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Company 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.