Stantec Inc. $STN Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp increased its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 591,000 shares of the business services provider’s stock after buying an additional 96,100 shares during the period. Alberta Investment Management Corp’s holdings in Stantec were worth $55,771,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in shares of Stantec by 82.4% in the second 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 in the last quarter. Norges Bank purchased a new position in Stantec during the 4th quarter valued at about $124,217,000. BCV Asset Management Inc. purchased a new position in Stantec during the 4th quarter valued at about $93,015,000. Bank of Montreal Can grew its position in Stantec by 25.2% in the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after acquiring an additional 897,912 shares in the last quarter. Finally, Man Group plc grew its position in Stantec by 103.5% in the 4th quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock valued at $149,247,000 after acquiring an additional 803,322 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STN. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their target price on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Trading Down 3.0%

NYSE STN opened at $67.63 on Friday. Stantec Inc. has a 52 week low of $67.14 and a 52 week high of $114.51. The firm has a 50 day moving average of $81.26 and a two-hundred day moving average of $89.45. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $7.71 billion, a PE ratio of 21.68 and a beta of 0.98.

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

Stantec Announces Dividend

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

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.