PDT Partners LLC Purchases Shares of 68,646 Stantec Inc. $STN

Key Points

• PDT Partners purchased 68,646 Stantec shares worth approximately $4.73 million during the second quarter, giving it a 0.06% stake. Institutional investors collectively own 63.86% of the company.
• Stantec reported quarterly EPS of $1.16, slightly exceeding analyst expectations of $1.15, while revenue of $1.25 billion fell just short of the $1.26 billion consensus estimate.
• The company declared a quarterly dividend of $0.245 per share, equivalent to $0.98 annually and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $175.

PDT Partners LLC purchased a new stake in Stantec Inc. (NYSE:STN - Free Report) TSE: STN during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,646 shares of the business services provider's stock, valued at approximately $4,730,000. PDT Partners LLC owned about 0.06% of Stantec at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Canada Pension Plan Investment Board acquired a new position in shares of Stantec during the 2nd quarter worth approximately $79,047,000. Legal & General Group Plc purchased a new stake in Stantec in the 2nd quarter valued at approximately $56,076,000. The Manufacturers Life Insurance Company acquired a new stake in Stantec during the 2nd quarter valued at $98,396,000. Cullen Capital Management LLC acquired a new stake in Stantec during the 2nd quarter valued at $494,000. Finally, Cibc World Market Inc. acquired a new stake in Stantec during the 2nd quarter valued at $32,322,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 1.0%

STN stock opened at $73.50 on Wednesday. The company has a 50 day moving average price of $70.66 and a two-hundred day moving average price of $80.51. 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 P/E ratio of 22.90 and a beta of 0.99. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued 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 return on equity of 19.70% and a net margin of 5.91%.The company had revenue of $1.25 billion for 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, sell-side analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 29th. Stantec's dividend payout ratio is presently 21.50%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on STN shares. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. ATB Cormark Capital Markets raised Stantec from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Scotiabank reissued an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Finally, Weiss Ratings lowered shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. 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, the company has an average rating of "Moderate Buy" and an average target price of $175.00.

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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