Korea Investment CORP Purchases Shares of 105,479 Stantec Inc. $STN

Key Points

• Korea Investment CORP acquired 105,479 Stantec shares worth approximately $7.27 million, giving it a 0.09% stake. Institutional investors and hedge funds collectively own 63.86% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Hold ratings. Stantec has a consensus rating of “Moderate Buy” and an average price target of $175.
• Stantec slightly exceeded quarterly earnings expectations, reporting $1.16 in EPS versus the $1.15 consensus, while revenue came in at $1.25 billion. The company also declared a quarterly dividend of $0.245 per share, equivalent to a 1.3% annualized yield.

Korea Investment CORP acquired a new stake in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 105,479 shares of the business services provider's stock, valued at approximately $7,273,000. Korea Investment CORP owned approximately 0.09% of Stantec at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ieq Capital LLC purchased a new stake in Stantec in the 2nd quarter worth about $1,100,000. Expressive Wealth LLC purchased a new position in Stantec during the 2nd quarter valued at about $468,000. Caldwell Investment Management Ltd. acquired a new position in shares of Stantec in the 2nd quarter valued at about $647,000. Vise Technologies Inc. acquired a new position in shares of Stantec in the 2nd quarter valued at about $310,000. Finally, Addison Advisors LLC purchased a new stake in shares of Stantec in the second quarter worth approximately $33,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Stantec from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 15th. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Zacks Research downgraded shares of Stantec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Five research 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 an average target price of $175.00.

Stantec Stock Up 0.2%

Shares of Stantec stock opened at $74.22 on Tuesday. The business has a fifty day simple moving average of $70.62 and a 200 day simple moving average of $80.70. The stock has a market cap of $8.34 billion, a PE ratio of 23.12 and a beta of 0.99. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12 month low of $66.26 and a 12 month high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Research analysts predict that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source