Stantec Inc. $STN Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management reduced its Stantec stake by 22.6% in the second quarter, selling 36,990 shares and retaining 126,734 shares worth approximately $8.7 million. Institutional investors collectively own 63.86% of the company.
• Several major institutions established or expanded positions, including Man Group, Bank of America, Manufacturers Life Insurance, Norges Bank, and AllianceBernstein, which increased its holdings by 82.4%.
• Stantec reported quarterly earnings of $1.16 per share, slightly beating estimates, and declared a quarterly dividend of $0.245 per share. Analysts maintain a “Moderate Buy” consensus rating, with a reported consensus price target of $175.

Cidel Asset Management Inc. lowered its position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 22.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,734 shares of the business services provider's stock after selling 36,990 shares during the quarter. Cidel Asset Management Inc. owned about 0.11% of Stantec worth $8,738,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Man Group plc bought a new position in shares of Stantec in the 2nd quarter worth about $121,285,000. Alliancebernstein L.P. grew its position in shares of Stantec by 82.4% during 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 buying an additional 1,558,703 shares during the last quarter. Bank of America Corp DE acquired a new stake in Stantec during the second quarter worth about $104,075,000. The Manufacturers Life Insurance Company acquired a new stake in Stantec during the second quarter worth about $98,396,000. Finally, Norges Bank bought a new position in Stantec in the fourth quarter worth about $124,217,000. Institutional investors own 63.86% of the company's stock.

Stantec Trading Down 0.8%

NYSE:STN opened at $72.90 on Wednesday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 22.71 and a beta of 0.99. 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 1 year low of $66.26 and a 1 year high of $114.51. The business has a fifty day moving average of $71.65 and a 200-day moving average of $79.06.

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 net margin of 5.91% and a return on equity of 19.70%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities analysts predict that Stantec Inc. will post 4.46 earnings per share for the current year.

Stantec Announces Dividend

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 issued 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 yield of 1.3%. Stantec's payout ratio is presently 21.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. ATB Cormark Capital Markets raised shares of Stantec from a "hold" rating to a "moderate buy" rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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