TD Waterhouse Canada Inc. Acquires 90,005 Shares of Stantec Inc. $STN

Key Points

• TD Waterhouse Canada increased its Stantec stake by 12.1% in the second quarter, purchasing 90,005 shares to own 834,413 shares worth approximately $56.45 million. Institutional investors and hedge funds collectively own 63.86% of Stantec.
• Stantec reported quarterly earnings of $1.16 per share, slightly exceeding analyst estimates of $1.15, while revenue of $1.25 billion fell just short of expectations. The company issued fiscal 2026 EPS guidance of $4.37–$4.49.
• The company declared a quarterly dividend of $0.245 per share, or $0.98 annualized, representing a 1.3% yield. Analysts maintain a consensus “Moderate Buy” rating with a reported average price target of $175.

TD Waterhouse Canada Inc. boosted its holdings in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 834,413 shares of the business services provider's stock after buying an additional 90,005 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.74% of Stantec worth $56,450,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider's stock worth $162,000 after acquiring an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Stantec by 15.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider's stock valued at $13,621,000 after purchasing an additional 22,524 shares during the last quarter. Jane Street Group LLC boosted its position in Stantec by 73.2% during the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider's stock worth $1,828,000 after purchasing an additional 9,325 shares during the period. Cetera Investment Advisers bought a new position in Stantec during the second quarter worth $361,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Stantec by 15.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider's stock valued at $148,000 after purchasing an additional 180 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Performance

STN opened at $73.06 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day simple moving average of $71.39 and a 200 day simple moving average of $79.36. Stantec Inc. has a 1 year low of $66.26 and a 1 year high of $114.51. The company has a market capitalization of $8.21 billion, a PE ratio of 22.76 and a beta of 0.99.

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 for the quarter, compared to analysts' expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Research analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently declared 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. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 29th. Stantec's dividend payout ratio (DPR) is currently 21.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, August 14th. Weiss Ratings lowered 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. Finally, ATB Cormark Capital Markets raised shares of Stantec from a "hold" rating to a "moderate buy" rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stantec currently has an average 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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