Walleye Capital LLC Takes $2.53 Million Position in Stantec Inc. $STN

Key Points

• Walleye Capital purchased 36,720 Stantec shares worth approximately $2.53 million in the second quarter. Institutional investors collectively own 63.86% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, resulting in a “Moderate Buy” consensus and a $175 target price.
• Stantec reported quarterly EPS of $1.16, slightly above estimates, on $1.25 billion in revenue. The company also declared a quarterly dividend of $0.245 per share, or $0.98 annualized, yielding about 1.3%.

Walleye Capital LLC purchased a new position in shares of Stantec Inc. (NYSE:STN - Free Report) TSE: STN in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 36,720 shares of the business services provider's stock, valued at approximately $2,530,000.

A number of other hedge funds also recently modified their holdings of STN. Vanguard Group Inc. grew its holdings in Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider's stock valued at $468,622,000 after purchasing an additional 92,641 shares during the period. Bank of Montreal Can raised its stake in shares of Stantec by 25.2% in the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider's stock valued at $421,321,000 after buying an additional 897,912 shares during the period. Royal Bank of Canada lifted its position in shares of Stantec by 2.9% during the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider's stock valued at $389,890,000 after buying an additional 117,613 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Stantec by 19.0% during the 1st 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 buying an additional 557,434 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake 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 worth $374,871,000 after acquiring an additional 1,558,703 shares during the period. Institutional investors own 63.86% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STN. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Stantec in a research note on Friday. Zacks Research cut shares of Stantec from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a report on Friday. Weiss Ratings lowered shares of Stantec from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 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.com, Stantec currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

Stantec Stock Down 0.4%

Shares of NYSE:STN opened at $73.68 on Friday. The firm has a fifty day moving average price of $70.40 and a two-hundred day moving average price of $81.93. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 22.95 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 1.35. 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 released its quarterly earnings results 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. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations 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. Analysts anticipate that Stantec Inc. will post 4.41 EPS for the current fiscal year.

Stantec Dividend Announcement

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

About Stantec

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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