Korea Investment CORP Buys 53,014 Shares of Stantec Inc. $STN

Key Points

• Korea Investment CORP raised its stake in Stantec by 161.4%, buying 53,014 shares to hold 85,859 shares (about 0.08% of the company) valued at roughly $9.26 million.
• Stantec increased its quarterly dividend to $0.245 (annualized $0.98, yield ~1.1%), with an ex-dividend date of March 31 and payment on April 15, up from the prior $0.23 quarterly payout.
• Stantec reported Q results with EPS of $0.90 (beating estimates) but revenue of $1.19 billion missed consensus; the company set FY2026 guidance at 4.370–4.490 EPS and analysts maintain a generally positive view with an average price target of $175.

Korea Investment CORP raised its stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 161.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,859 shares of the business services provider's stock after purchasing an additional 53,014 shares during the period. Korea Investment CORP owned 0.08% of Stantec worth $9,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. increased 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 purchasing an additional 1,558,703 shares during the last quarter. Norges Bank bought a new stake in Stantec in the second quarter worth $157,932,000. Geode Capital Management LLC lifted its position in Stantec by 21.5% in the second quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider's stock worth $102,211,000 after buying an additional 163,578 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Stantec by 64.3% during the third quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider's stock worth $44,494,000 after buying an additional 161,400 shares during the period. Finally, AXA S.A. boosted its stake in Stantec by 139.2% during the second quarter. AXA S.A. now owns 266,179 shares of the business services provider's stock worth $28,928,000 after buying an additional 154,884 shares during the period. 63.86% of the stock is owned by institutional investors.

Stantec Stock Up 1.0%

Shares of STN opened at $91.39 on Thursday. The firm has a fifty day moving average price of $95.75 and a 200-day moving average price of $101.49. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.42 billion, a P/E ratio of 30.26 and a beta of 1.12. Stantec Inc. has a 12-month low of $77.07 and a 12-month high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Stantec had a net margin of 5.90% and a return on equity of 17.56%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts expect that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Stantec's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, March 31st. Stantec's dividend payout ratio is 21.85%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STN. Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Thursday, January 22nd. Desjardins reiterated a "buy" rating on shares of Stantec in a report on Monday, November 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Stantec in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on shares of Stantec from $168.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Stantec from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 31st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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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