Canoe Financial LP Reduces Stock Position in Stantec Inc. $STN

Canoe Financial LP cut its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 14.5% during the 1st quarter, Holdings Channel reports. The firm owned 63,156 shares of the business services provider’s stock after selling 10,692 shares during the period. Canoe Financial LP’s holdings in Stantec were worth $5,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STN. Vanguard Group Inc. grew its stake in Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock worth $468,622,000 after purchasing an additional 92,641 shares during the period. Bank of Montreal Can raised its holdings in Stantec by 25.2% in the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after purchasing an additional 897,912 shares in the last quarter. Royal Bank of Canada lifted its position in Stantec by 2.9% during the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after buying an additional 117,613 shares during the period. Pictet Asset Management Holding SA lifted its position in Stantec by 19.0% during the first quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock valued at $300,340,000 after buying an additional 557,434 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Stantec by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock valued at $374,680,000 after buying an additional 26,388 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

STN has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Royal Bank Of Canada boosted their price objective on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Price Performance

NYSE STN opened at $69.35 on Monday. Stantec Inc. has a one year low of $66.94 and a one year high of $114.51. The stock has a 50-day moving average of $78.86 and a 200 day moving average of $88.32. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 22.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35.

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

Stantec Dividend Announcement

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

About Stantec

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.