Stantec Inc. $STN Stock: Pictet Asset Management Holding SA Increases Stake

Pictet Asset Management Holding SA raised its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,093,951 shares of the business services provider’s stock after buying an additional 153,576 shares during the period. Pictet Asset Management Holding SA’s holdings in Stantec were worth $141,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Stantec by 12.6% in the first quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock worth $98,555,000 after purchasing an additional 127,229 shares during the last quarter. Wellington Management Group LLP purchased a new position in Stantec during the 2nd quarter valued at about $11,908,000. BlackRock Inc. purchased a new position in Stantec during the 2nd quarter valued at about $26,494,000. Quantinno Capital Management LP raised its position in Stantec by 59.8% during the 1st quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock valued at $5,090,000 after purchasing an additional 22,036 shares during the last quarter. Finally, Amundi raised its position in Stantec by 27.2% during the 2nd quarter. Amundi now owns 1,050,103 shares of the business services provider’s stock valued at $86,775,000 after purchasing an additional 224,462 shares during the last quarter. 63.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Wall Street Zen cut Stantec from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings upgraded Stantec from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Stock Performance

Stantec stock opened at $74.28 on Monday. Stantec Inc. has a twelve month low of $65.35 and a twelve month high of $108.70. The company has a market capitalization of $8.22 billion, a P/E ratio of 23.14 and a beta of 0.94. The stock’s 50 day moving average is $70.61 and its 200 day moving average is $79.14. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54.

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

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a C$0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec’s dividend payout ratio (DPR) is presently 22.12%.

Stantec Profile

Stantec is a global professional services firm that provides engineering, architecture, environmental consulting, and related services. Its work supports the planning, design, and delivery of projects in areas including water, transportation, buildings, energy, and community development.

Founded in Edmonton, Alberta, in 1954 as D.R. Stanley Associates, the company later adopted the Stantec name. It is headquartered in Edmonton and serves public- and private-sector clients across North America and in international markets.

Stantec’s multidisciplinary teams advise clients throughout a project’s life cycle, from early planning and environmental assessment to design, engineering, and project delivery.