Nykredit A S Purchases New Stake in Stantec Inc. $STN

Key Points

• Nykredit A S initiated a position in Stantec during the second quarter, purchasing 40,912 shares worth approximately $2.82 million. 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, resulting in a consensus “Moderate Buy” rating and a $175 price target.
• Stantec exceeded quarterly earnings expectations with EPS of $1.16 versus the $1.15 consensus estimate and announced a quarterly dividend of $0.245 per share, representing a 1.4% annualized yield.

Nykredit A S bought a new position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,912 shares of the business services provider's stock, valued at approximately $2,821,000.

A number of other large investors have also modified their holdings of STN. Amundi increased its position in Stantec by 27.2% in the 2nd quarter. Amundi now owns 1,050,103 shares of the business services provider's stock valued at $86,775,000 after acquiring an additional 224,462 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Stantec by 12.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 834,413 shares of the business services provider's stock valued at $56,450,000 after buying an additional 90,005 shares in the last quarter. QV Investors Inc. increased its position in Stantec by 219.1% during the second quarter. QV Investors Inc. now owns 511,665 shares of the business services provider's stock worth $35,278,000 after buying an additional 351,330 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Stantec by 489.4% during the second quarter. Susquehanna International Group LLP now owns 10,020 shares of the business services provider's stock valued at $690,000 after purchasing an additional 8,320 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Stantec in the second quarter valued at about $11,908,000. Institutional investors and hedge funds own 63.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Finally, Weiss Ratings lowered Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Stantec has a consensus rating of "Moderate Buy" and a consensus price target of $175.00.

Stantec Price Performance

STN stock opened at $71.22 on Wednesday. The company has a market capitalization of $7.98 billion, a P/E ratio of 22.19 and a beta of 0.99. The company has a fifty day moving average price of $71.89 and a 200-day moving average price of $77.59. 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 52-week low of $66.26 and a 52-week high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data 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. Stantec had a return on equity of 19.70% and a net margin of 5.91%.The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec's dividend payout ratio (DPR) is currently 21.50%.

About Stantec

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and facilities across the buildings, energy and resources, environmental services, and water sectors.

The company serves public- and private-sector clients on projects involving transportation, buildings, community development, water and wastewater systems, environmental planning, climate resilience, and energy infrastructure.

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