Mediolanum International Funds Ltd Makes New $965,000 Investment in Stantec Inc. $STN

Mediolanum International Funds Ltd bought a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the 1st quarter, Holdings Channel.com reports. The firm bought 11,401 shares of the business services provider’s stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STN. Vanguard Group Inc. lifted its position 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 valued at $468,622,000 after purchasing an additional 92,641 shares during the period. Bank of Montreal Can increased its position in Stantec by 25.2% during the 4th 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 during the period. Royal Bank of Canada increased its position in Stantec by 2.9% during the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after purchasing an additional 117,613 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after buying an additional 1,558,703 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE STN opened at $68.29 on Wednesday. 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 company’s 50-day moving average price is $71.87 and its 200 day moving average price is $85.22. Stantec Inc. has a 52 week low of $66.94 and a 52 week high of $114.51. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 21.89 and a beta of 1.00.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts forecast that Stantec Inc. will post 4.43 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Stantec’s dividend payout ratio (DPR) is 22.12%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STN shares. Weiss Ratings downgraded Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Finally, Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.