Stantec Inc. $STN Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 39.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 921,193 shares of the business services provider’s stock after acquiring an additional 261,151 shares during the quarter. Allianz Asset Management GmbH’s holdings in Stantec were worth $87,041,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of STN. Alliancebernstein L.P. lifted its holdings in Stantec by 82.4% in the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after purchasing an additional 1,558,703 shares during the period. Norges Bank acquired a new stake in Stantec in the fourth quarter worth about $124,217,000. Principal Financial Group Inc. lifted its holdings in Stantec by 126.0% in the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock worth $88,066,000 after purchasing an additional 519,545 shares during the period. Bank of America Corp DE lifted its holdings in Stantec by 80.4% in the third quarter. Bank of America Corp DE now owns 870,352 shares of the business services provider’s stock worth $93,824,000 after purchasing an additional 387,927 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Stantec by 44.5% in the third quarter. Legal & General Group Plc now owns 802,897 shares of the business services provider’s stock worth $86,609,000 after purchasing an additional 247,087 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

NYSE STN opened at $71.41 on Thursday. The stock’s 50-day moving average price is $83.20 and its two-hundred day moving average price is $90.50. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.15 billion, a PE ratio of 22.89 and a beta of 0.98. Stantec Inc. has a 1 year low of $71.33 and a 1 year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Stantec had a return on equity of 19.37% and a net margin of 5.92%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, analysts predict that Stantec Inc. will post 4.5 EPS for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, June 30th. Stantec’s payout ratio is presently 22.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STN shares. Weiss Ratings downgraded shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec 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.