Vontobel Holding Ltd. Purchases 64,282 Shares of Stantec Inc. $STN

Key Points

• Vontobel Holding increased its Stantec position by 14.7% in the third quarter, purchasing 64,282 shares and bringing its holdings to 501,873 shares valued at approximately $33.8 million. Institutional investors and hedge funds collectively own 63.86% of STN.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Hold ratings, producing a consensus rating of “Moderate Buy” and an average price target of $175.
• Stantec reported quarterly earnings of $1.16 per share, narrowly beating estimates, and issued a quarterly dividend of C$0.24, equivalent to an annualized yield of approximately 1.4%.

Vontobel Holding Ltd. increased its position in Stantec Inc. (NYSE:STN - Free Report) TSE: STN by 14.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 501,873 shares of the business services provider's stock after purchasing an additional 64,282 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.45% of Stantec worth $33,835,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in Stantec by 6.8% during the third quarter. TD Waterhouse Canada Inc. now owns 891,558 shares of the business services provider's stock worth $59,656,000 after purchasing an additional 57,145 shares during the period. Cardinal Capital Management Inc. acquired a new stake in shares of Stantec in the third quarter valued at approximately $109,514,000. Fortitude Family Office LLC acquired a new stake in shares of Stantec in the third quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its stake in shares of Stantec by 67.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider's stock worth $83,000 after acquiring an additional 500 shares during the period. Finally, Andra AP fonden boosted its stake in shares of Stantec by 25.5% during the 2nd quarter. Andra AP fonden now owns 29,484 shares of the business services provider's stock worth $2,032,000 after acquiring an additional 6,000 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STN has been the topic of a number of recent analyst reports. Weiss Ratings raised Stantec from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Wall Street Zen downgraded Stantec from a "buy" rating to a "hold" rating in a report on Saturday. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Stantec in a research report on Friday, August 14th. Finally, Scotiabank reiterated an "outperform" rating on shares of Stantec in a report on Friday, August 14th. 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Stantec Stock Performance

STN stock traded up $0.03 during mid-day trading on Friday, hitting $69.22. 276,797 shares of the company were exchanged, compared to its average volume of 378,721. The business has a 50 day simple moving average of $71.01 and a 200-day simple moving average of $75.01. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.76 billion, a PE ratio of 21.56 and a beta of 1.01. Stantec Inc. has a 1-year low of $65.35 and a 1-year high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating 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 return on equity of 19.70% and a net margin of 5.91%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities analysts forecast that Stantec Inc. will post 4.42 earnings per share for the current year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a C$0.24 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. Stantec's dividend payout ratio is currently 22.12%.

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 development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.

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