Stantec Inc. $STN Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Stantec stake by 77.6% in the second quarter, bringing its holdings to 34,539 shares valued at approximately $2.38 million. Institutional investors collectively own 63.86% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $175.
• Stantec reported quarterly EPS of $1.16, slightly above estimates, while revenue came in at $1.25 billion. The company also declared a quarterly dividend of $0.245 per share, implying a 1.4% yield.

Engineers Gate Manager LP grew its holdings in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 77.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,539 shares of the business services provider's stock after acquiring an additional 15,095 shares during the quarter. Engineers Gate Manager LP's holdings in Stantec were worth $2,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pictet Asset Management Holding SA boosted its holdings in Stantec by 19.0% in the first quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider's stock valued at $300,340,000 after purchasing an additional 557,434 shares in the last quarter. Man Group plc lifted its position in shares of Stantec by 103.5% during the 4th quarter. Man Group plc now owns 1,579,537 shares of the business services provider's stock worth $149,247,000 after buying an additional 803,322 shares during the last quarter. Norges Bank acquired a new position in shares of Stantec in the 4th quarter valued at $124,217,000. Bank of America Corp DE purchased a new position in shares of Stantec in the 2nd quarter valued at $104,075,000. Finally, Geode Capital Management LLC raised its stake in Stantec by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 1,058,720 shares of the business services provider's stock worth $100,355,000 after acquiring an additional 68,978 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Analysts Set New Price Targets

STN has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Scotiabank reissued an "outperform" rating on shares of Stantec in a 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. Finally, Wall Street Zen downgraded Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Stantec Stock Up 1.1%

STN stock opened at $70.44 on Tuesday. The company has a fifty day moving average price of $71.70 and a 200 day moving average price of $78.54. Stantec Inc. has a 12 month low of $66.26 and a 12 month high of $114.51. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 21.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data 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 the consensus estimate 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. Sell-side analysts expect that Stantec Inc. will post 4.46 earnings per share for the current year.

Stantec Dividend Announcement

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 paid a dividend of $0.245 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec's dividend payout ratio is 21.50%.

Stantec Profile

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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