Nykredit A S Acquires New Shares in Stantec Inc. $STN

Key Points

• Nykredit A/S acquired 47,912 Stantec shares during the second quarter, valued at approximately $3.3 million. Institutional investors collectively own 63.86% of the company, with several major funds increasing their positions.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a target price of $175.00.
• Stantec exceeded quarterly EPS expectations with $1.16 versus $1.15 forecast, while reporting $1.25 billion in revenue. The company also declared a quarterly dividend of $0.245 per share, equivalent to a 1.3% annualized yield.

Nykredit A S acquired a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 47,912 shares of the business services provider's stock, valued at approximately $3,303,000.

A number of other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased 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 valued at $421,321,000 after buying an additional 897,912 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Stantec by 2.9% in the 4th 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 in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Stantec by 19.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider's stock worth $300,340,000 after buying an additional 557,434 shares in the last quarter. Alliancebernstein L.P. grew its stake in Stantec by 82.4% in 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 acquiring an additional 1,558,703 shares during the last quarter. Finally, Man Group plc acquired a new stake in Stantec in the 2nd quarter valued at about $121,285,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports 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. Scotiabank reiterated an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Zacks Research cut shares of Stantec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets raised Stantec from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 15th. Five research 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, Stantec has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Stantec Trading Up 0.0%

Shares of STN stock opened at $73.55 on Monday. The firm has a 50-day moving average price of $71.48 and a 200 day moving average price of $79.27. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 22.91 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 results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations 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. Research analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given 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 yield of 1.3%. Stantec's dividend payout ratio (DPR) 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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