Bank of New York Mellon Corp Acquires Shares of 142,254 Stantec Inc. $STN

Key Points

• Bank of New York Mellon acquired 142,254 Stantec shares worth approximately $9.8 million, representing about 0.13% of the company. Institutional investors and hedge funds collectively own 63.86% of Stantec.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds. Stantec has a consensus rating of “Moderate Buy” and an average price target of $175.
• Stantec reported quarterly EPS of $1.16, slightly exceeding estimates, while revenue came in at $1.25 billion. The company also announced a quarterly dividend of $0.245 per share, or $0.98 annualized, yielding about 1.3%.

Bank of New York Mellon Corp purchased a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 142,254 shares of the business services provider's stock, valued at approximately $9,803,000. Bank of New York Mellon Corp owned approximately 0.13% of Stantec as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider's stock worth $468,622,000 after buying an additional 92,641 shares in the last quarter. Bank of Montreal Can increased its holdings in Stantec by 25.2% in the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider's stock valued at $421,321,000 after buying an additional 897,912 shares in the last quarter. Royal Bank of Canada increased its holdings in Stantec by 2.9% in the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider's stock valued at $389,890,000 after buying an additional 117,613 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider's stock valued at $300,340,000 after acquiring an additional 557,434 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider's stock valued at $374,871,000 after acquiring an additional 1,558,703 shares during the period. Institutional investors and hedge funds own 63.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on STN. ATB Cormark Capital Markets raised Stantec from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 15th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research cut Stantec from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Finally, Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Stantec has a consensus rating of "Moderate Buy" and a consensus price target of $175.00.

Stantec Trading Up 1.3%

Shares of Stantec stock opened at $72.76 on Thursday. Stantec Inc. has a 1 year low of $66.26 and a 1 year high of $114.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50. The business has a 50 day moving average price of $71.29 and a 200 day moving average price of $79.46. The company has a market capitalization of $8.18 billion, a P/E ratio of 22.67 and a beta of 0.99.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations 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. Sell-side analysts anticipate that Stantec Inc. will post 4.46 EPS for the current fiscal year.

Stantec Dividend Announcement

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

About Stantec

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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