Bank of America Corp DE Invests $104.08 Million in Stantec Inc. $STN

Key Points

• Bank of America acquired a new $104.1 million stake in Stantec during the second quarter, purchasing 1.51 million shares and holding approximately 1.34% of the company. Institutional investors collectively own 63.86% of Stantec.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Hold ratings, producing a consensus “Moderate Buy” rating and a $175 price target.
• Stantec slightly exceeded quarterly earnings expectations with $1.16 in EPS, while reporting $1.25 billion in revenue. The company also declared a quarterly dividend of $0.245 per share, representing a 1.4% annualized yield.

Bank of America Corp DE bought a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,510,298 shares of the business services provider's stock, valued at approximately $104,075,000. Bank of America Corp DE owned about 1.34% of Stantec at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised 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 valued at $28,000 after buying an additional 206 shares during the last quarter. Groupe la Francaise grew its holdings in Stantec by 5.6% in the 1st quarter. Groupe la Francaise now owns 4,750 shares of the business services provider's stock worth $409,000 after acquiring an additional 250 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in shares of Stantec by 1.2% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 29,501 shares of the business services provider's stock valued at $2,542,000 after acquiring an additional 347 shares during the period. Leonteq Securities AG purchased a new position in shares of Stantec in the fourth quarter valued at about $37,000. Finally, Addison Advisors LLC bought a new position in shares of Stantec during the second quarter valued at about $33,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on STN. Scotiabank reiterated an "outperform" rating on shares of Stantec in a report on Friday, August 14th. Weiss Ratings downgraded Stantec from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Finally, Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Five equities research 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Stantec Price Performance

NYSE STN opened at $68.99 on Friday. The business's fifty day moving average price is $71.79 and its 200-day moving average price is $78.01. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 21.49 and a beta of 0.99. 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 1-year low of $66.26 and a 1-year high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data 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. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates 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 analysts predict that Stantec Inc. will post 4.46 earnings per share for the current year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 29th. Stantec's dividend payout ratio (DPR) is currently 21.50%.

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 facilities across the buildings, energy and resources, environmental services, and water sectors.

The company serves public- and private-sector clients on projects involving transportation, buildings, community development, water and wastewater systems, environmental planning, climate resilience, and energy infrastructure.

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