Man Group plc Acquires New Shares in Stantec Inc. $STN

Key Points

• Man Group plc acquired 1.76 million Stantec shares worth approximately $121.3 million in the second quarter, giving it a 1.57% stake. Institutional investors collectively own 63.86% of Stantec.
• Analyst sentiment remains favorable, with five Buy ratings and two Hold ratings; Stantec has an overall “Moderate Buy” consensus and an average price target of $175.
• Stantec slightly exceeded quarterly earnings expectations with EPS of $1.16 versus $1.15, 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.

Man Group plc acquired a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,759,096 shares of the business services provider's stock, valued at approximately $121,285,000. Man Group plc owned approximately 1.57% of Stantec at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STN. Wolverine Trading LLC boosted its stake in shares of Stantec by 2.4% during the 3rd quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider's stock worth $551,000 after acquiring an additional 120 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Stantec by 15.3% during the 4th quarter. Parallel Advisors LLC now owns 1,004 shares of the business services provider's stock valued at $95,000 after acquiring an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Stantec by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider's stock valued at $148,000 after acquiring an additional 180 shares in the last quarter. Allworth Financial LP raised its stake in shares of Stantec by 223.9% in the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider's stock valued at $28,000 after acquiring an additional 206 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in Stantec by 3.5% in the 4th quarter. Engineers Gate Manager LP now owns 7,036 shares of the business services provider's stock worth $664,000 after purchasing an additional 237 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STN. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. 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. Weiss Ratings downgraded shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Stantec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $175.00.

Stantec Price Performance

NYSE STN opened at $73.50 on Wednesday. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $8.26 billion, a PE ratio of 22.90 and a beta of 0.99. The stock has a 50-day simple moving average of $70.66 and a 200 day simple moving average of $80.51.

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, beating the consensus estimate of $1.15 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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. Research analysts anticipate that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.245 per share. 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 payout ratio is 21.50%.

Stantec Company 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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