Alberta Investment Management Corp Takes Position in Stantec Inc. $STN

Key Points

• Alberta Investment Management Corp acquired 526,991 Stantec shares worth approximately $36.3 million, giving it a 0.47% stake. Institutional investors collectively own 63.86% of the company.
• Analyst sentiment remains positive, with five Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and a $175 price target.
• Stantec slightly exceeded quarterly EPS expectations at $1.16, while revenue reached $1.25 billion. The company also declared a quarterly dividend of $0.245 per share, equivalent to a 1.3% annual yield.

Alberta Investment Management Corp purchased a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 526,991 shares of the business services provider's stock, valued at approximately $36,311,000. Alberta Investment Management Corp owned about 0.47% of Stantec at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider's stock worth $28,000 after acquiring an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider's stock valued at $32,000 after acquiring an additional 249 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Stantec during the fourth quarter valued at $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider's stock worth $55,000 after purchasing an additional 411 shares during the period. Finally, State of Wyoming bought a new stake in shares of Stantec in the fourth quarter worth $63,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STN shares. ATB Cormark Capital Markets raised Stantec from a "hold" rating to a "moderate buy" rating in a research report on Friday, May 15th. Scotiabank restated an "outperform" rating on shares of Stantec in a research report on Friday. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Weiss Ratings cut Stantec from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Stantec in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.00.

Stantec Price Performance

Shares of NYSE STN opened at $73.68 on Monday. The firm's 50-day moving average price is $70.40 and its 200-day moving average price is $81.80. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51. The firm has a market capitalization of $8.28 billion, a P/E ratio of 22.95 and a beta of 0.99. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.26 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts anticipate that Stantec Inc. will post 4.41 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be issued a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec's dividend payout ratio is presently 21.50%.

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.

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