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

Key Points

• Cardinal Capital Management acquired 1.62 million Stantec shares worth approximately $109.5 million, giving it a 1.45% stake and making Stantec its 16th-largest holding. Institutional investors collectively own 63.86% of the company.
• Stantec reported quarterly earnings of $1.16 per share, slightly exceeding estimates, while revenue came in at $1.25 billion. Management issued fiscal 2026 EPS guidance of $4.37–$4.49.
• The company pays a quarterly dividend of C$0.24 per share, representing a 1.4% annualized yield. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $175.

Cardinal Capital Management Inc. purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,620,272 shares of the business services provider's stock, valued at approximately $109,514,000. Stantec makes up 2.5% of Cardinal Capital Management Inc.'s holdings, making the stock its 16th largest position. Cardinal Capital Management Inc. owned 1.45% of Stantec as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Man Group plc bought a new position in Stantec during the 2nd quarter worth $121,285,000. Bank of America Corp DE acquired a new position in Stantec in the 2nd quarter valued at $104,075,000. The Manufacturers Life Insurance Company acquired a new position in Stantec in the 2nd quarter valued at $98,396,000. Canada Pension Plan Investment Board bought a new stake in shares of Stantec during the 2nd quarter valued at $79,047,000. Finally, Jupiter Topco LLC bought a new stake in shares of Stantec during the 2nd quarter valued at $60,762,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Up 0.0%

Shares of STN opened at $69.22 on Friday. The firm has a 50 day simple moving average of $71.01 and a two-hundred day simple moving average of $75.01. 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 Inc. has a one year low of $65.35 and a one year high of $114.51. The company has a market cap of $7.76 billion, a P/E ratio of 21.56 and a beta of 1.01.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.01. Stantec had a return on equity of 19.70% and a net margin of 5.91%. The firm 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. Research analysts forecast that Stantec Inc. will post 4.42 EPS for the current fiscal year.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were given a dividend of C$0.24 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 29th. Stantec's dividend payout ratio is currently 22.12%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings upgraded Stantec from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Stantec from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Stantec presently has a consensus rating of "Moderate Buy" and an average price target 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.

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