Bank of America Corp DE Acquires 127,229 Shares of Stantec Inc. $STN

Key Points

• Bank of America increased its Stantec stake by 12.6% in the first quarter, acquiring 127,229 additional shares and bringing its holdings to 1.14 million shares valued at approximately $98.6 million. Institutional investors collectively own 63.86% of Stantec.
• Stantec reported quarterly EPS of $0.97, beating estimates by $0.02, while revenue reached $1.22 billion. The company guided to fiscal 2026 EPS of $4.37–$4.49, with analysts expecting $4.43.
• Shares opened at $73.45, and Stantec maintains a “Moderate Buy” consensus rating from analysts, with a consensus price target of $175. The company also pays a quarterly dividend of $0.245, equivalent to a 1.3% annual yield.

Bank of America Corp DE boosted its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 12.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,140,686 shares of the business services provider's stock after buying an additional 127,229 shares during the quarter. Bank of America Corp DE owned approximately 1.00% of Stantec worth $98,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Amundi grew its stake in Stantec by 8.2% in the 1st quarter. Amundi now owns 825,641 shares of the business services provider's stock valued at $71,335,000 after buying an additional 62,845 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Stantec by 69.4% during the first quarter. EverSource Wealth Advisors LLC now owns 2,568 shares of the business services provider's stock worth $222,000 after acquiring an additional 1,052 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Stantec by 59.8% in the first quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider's stock worth $5,090,000 after acquiring an additional 22,036 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Stantec by 137.3% in the first quarter. Lazard Asset Management LLC now owns 6,226 shares of the business services provider's stock worth $538,000 after acquiring an additional 3,602 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Stantec in the first quarter valued at $1,741,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Trading Up 0.5%

Shares of STN stock opened at $73.45 on Friday. The stock has a market capitalization of $8.26 billion, a PE ratio of 23.54 and a beta of 0.99. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51. The business has a 50-day moving average of $70.48 and a 200 day moving average of $82.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The company had revenue of $1.22 billion for 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, sell-side analysts anticipate that Stantec Inc. will post 4.43 earnings per share for the current year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.245 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Stantec's payout ratio is currently 22.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STN. ATB Cormark Capital Markets raised shares of Stantec from a "hold" rating to a "moderate buy" rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Stantec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 1st. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Stantec in a report on Tuesday, May 19th. Finally, Zacks Research lowered shares of Stantec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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