Abacus Wealth Partners LLC Makes New Investment in Stantec Inc. $STN

Abacus Wealth Partners LLC purchased a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,143 shares of the business services provider’s stock, valued at approximately $863,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STN. Jones Financial Companies Lllp boosted its stake in Stantec by 1,504.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Stantec by 15.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after acquiring an additional 22,524 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Stantec by 73.2% during the 1st quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after acquiring an additional 9,325 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Stantec during the 2nd quarter worth approximately $361,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

NYSE:STN opened at $77.19 on Friday. The stock’s fifty day moving average is $88.08 and its 200 day moving average is $94.56. Stantec Inc. has a fifty-two week low of $72.46 and a fifty-two week high of $114.51. The firm has a market capitalization of $8.81 billion, a PE ratio of 24.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.35.

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 for the quarter, beating the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 17.69% and a net margin of 5.92%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, sell-side analysts anticipate that Stantec Inc. will post 4.51 earnings per share for the current year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.245 dividend. The ex-dividend date 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 (DPR) is presently 22.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings raised Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

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.