1,620,272 Shares in Stantec Inc. $STN Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. purchased a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,620,272 shares of the business services provider’s stock, valued at approximately $109,514,000. Stantec comprises about 2.5% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Altus USA Inc. bought a new position in Stantec in the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new stake in Stantec in the third quarter valued at approximately $32,000. Addison Advisors LLC bought a new stake in shares of Stantec during the second quarter worth $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Stantec during the second quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Stantec by 1,148.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,174 shares of the business services provider’s stock worth $111,000 after buying an additional 1,080 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Up 0.0%

Shares of NYSE STN opened at $69.22 on Friday. The company has a 50 day simple moving average of $71.01 and a 200 day simple moving average of $75.01. The firm has a market cap of $7.76 billion, a PE ratio of 21.56 and a beta of 1.01. Stantec Inc. has a 1 year low of $65.35 and a 1 year high of $114.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, research analysts forecast that Stantec Inc. will post 4.42 EPS for the current year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th were paid a dividend of C$0.24 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec’s dividend payout ratio (DPR) is presently 22.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on STN shares. Weiss Ratings upgraded Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Finally, Wall Street Zen cut Stantec from a “buy” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Company Profile

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

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.