Bank of Nova Scotia Buys New Position in Stantec Inc. $STN

Key Points

• Bank of Nova Scotia acquired 132,432 Stantec shares worth approximately $9.1 million during the second quarter, giving it a 0.12% stake. Institutional investors collectively own 63.86% of the company.
• Analysts maintain a generally positive view, with five Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $175.
• Stantec slightly exceeded quarterly earnings expectations with EPS of $1.16 versus $1.15 forecast, while announcing a quarterly dividend of $0.245 per share, or $0.98 annualized.

Bank of Nova Scotia acquired a new stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 132,432 shares of the business services provider's stock, valued at approximately $9,133,000. Bank of Nova Scotia owned 0.12% of Stantec as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider's stock worth $468,622,000 after acquiring an additional 92,641 shares in the last quarter. Bank of Montreal Can boosted its position in shares of 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 worth $421,321,000 after buying an additional 897,912 shares during the period. Royal Bank of Canada boosted its position in shares of 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 worth $389,890,000 after buying an additional 117,613 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Stantec by 19.0% in the first 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 buying an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings 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 buying an additional 1,558,703 shares during the period. Hedge funds and other institutional investors own 63.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STN. Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Zacks Research lowered shares of 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. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Friday, August 14th. Finally, Weiss Ratings cut Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Five 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 company has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Stantec Trading Up 0.2%

Shares of NYSE STN opened at $74.22 on Tuesday. The business has a 50-day moving average price of $70.62 and a two-hundred day moving average price of $80.70. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51. The firm has a market capitalization of $8.34 billion, a PE ratio of 23.12 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 for the quarter, beating the consensus estimate of $1.15 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates 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. As a group, analysts predict that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

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