Cibc World Market Inc. Has $25.32 Million Stock Holdings in Stantec Inc. $STN

Cibc World Market Inc. trimmed its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 268,308 shares of the business services provider’s stock after selling 13,438 shares during the quarter. Cibc World Market Inc.’s holdings in Stantec were worth $25,320,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Stantec in the fourth quarter valued at about $124,217,000. Intech Investment Management LLC increased its stake in shares of Stantec by 1,678.2% during the 4th quarter. Intech Investment Management LLC now owns 93,962 shares of the business services provider’s stock worth $8,878,000 after purchasing an additional 88,678 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Stantec by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 1,058,720 shares of the business services provider’s stock worth $100,355,000 after purchasing an additional 68,978 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Stantec by 11.1% during the 4th quarter. Legal & General Group Plc now owns 892,069 shares of the business services provider’s stock valued at $84,290,000 after purchasing an additional 89,172 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Stantec by 357.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 11,616 shares of the business services provider’s stock valued at $1,096,000 after purchasing an additional 9,076 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings lowered Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, Royal Bank Of Canada raised their price objective on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Five 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Performance

NYSE:STN opened at $75.12 on Friday. The firm has a market capitalization of $8.57 billion, a PE ratio of 24.08 and a beta of 0.98. Stantec Inc. has a 1 year low of $72.46 and a 1 year high of $114.51. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $84.26 and its 200 day simple moving average is $91.15.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The firm 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. On average, sell-side analysts anticipate that Stantec Inc. will post 4.5 EPS for the current year.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s payout ratio is currently 22.76%.

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.