Public Employees Retirement System of Ohio Takes $541,000 Position in Stantec Inc. $STN

Public Employees Retirement System of Ohio bought a new position in Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,836 shares of the business services provider’s stock, valued at approximately $541,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after buying an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 249 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Stantec during the fourth quarter valued at about $37,000. Addison Advisors LLC purchased a new stake in shares of Stantec during the second quarter worth about $33,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Stantec by 423.7% during 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 during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STN shares. Weiss Ratings cut Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Trading Down 0.6%

STN opened at $70.06 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 52 week low of $66.26 and a 52 week high of $114.51. The stock has a market cap of $7.88 billion, a PE ratio of 21.83 and a beta of 0.99. The business has a 50 day moving average of $71.71 and a 200-day moving average of $78.79.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Stantec had a return on equity of 19.70% and a net margin of 5.91%.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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be given a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. Stantec’s dividend payout ratio is currently 21.50%.

About Stantec

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and facilities across the buildings, energy and resources, environmental services, and water sectors.

The company serves public- and private-sector clients on projects involving transportation, buildings, community development, water and wastewater systems, environmental planning, climate resilience, and energy infrastructure.