Deutsche Bank AG Buys Shares of 265,837 Stantec Inc. $STN

Key Points

• Deutsche Bank AG acquired 265,837 Stantec shares in the second quarter, valued at approximately $18.3 million and representing about 0.24% of the company. Institutional investors collectively own 63.86% of Stantec.
• Analyst sentiment remains favorable, with five Buy ratings and two Hold ratings giving Stantec an overall “Moderate Buy” consensus and an average price target of $175.
• Stantec reported quarterly earnings of $1.16 per share, slightly exceeding estimates, while revenue reached $1.25 billion. The company also declared a quarterly dividend of $0.245 per share, equivalent to a 1.3% annualized yield.

Deutsche Bank AG purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 265,837 shares of the business services provider's stock, valued at approximately $18,319,000. Deutsche Bank AG owned about 0.24% of Stantec as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of STN. Wolverine Trading LLC raised its holdings in Stantec by 2.4% in the 3rd quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider's stock valued at $551,000 after buying an additional 120 shares during the period. Parallel Advisors LLC lifted its position in Stantec by 15.3% in the fourth quarter. Parallel Advisors LLC now owns 1,004 shares of the business services provider's stock valued at $95,000 after buying an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider's stock worth $148,000 after buying an additional 180 shares during the period. Allworth Financial LP boosted its stake in Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider's stock worth $28,000 after buying an additional 206 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of Stantec by 3.5% during the fourth quarter. Engineers Gate Manager LP now owns 7,036 shares of the business services provider's stock valued at $664,000 after acquiring an additional 237 shares during the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on STN shares. Wall Street Zen downgraded shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. ATB Cormark Capital Markets raised shares of Stantec from a "hold" rating to a "moderate buy" rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.00.

Stantec Stock Up 0.2%

Shares of STN opened at $74.02 on Friday. The company's 50-day simple moving average is $70.56 and its 200-day simple moving average is $81.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. Stantec Inc. has a 1 year low of $66.26 and a 1 year high of $114.51. The stock has a market capitalization of $8.32 billion, a PE ratio of 23.06 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 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.01. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate 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. Analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. 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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