Hsbc Holdings PLC Reduces Holdings in Stantec Inc. $STN

Hsbc Holdings PLC trimmed its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 72.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,693 shares of the business services provider’s stock after selling 193,255 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Stantec worth $7,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 increased 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 worth $421,321,000 after buying an additional 897,912 shares during the period. Royal Bank of Canada increased its stake in shares of Stantec by 2.9% in the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after buying an additional 117,613 shares during the period. Alliancebernstein L.P. raised its holdings in Stantec by 0.8% during the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock valued at $374,680,000 after buying an additional 26,388 shares during the last quarter. Finally, Man Group plc raised its holdings in Stantec by 103.5% during 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 buying an additional 803,322 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. 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. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Weiss Ratings downgraded Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Stock Performance

Stantec stock opened at $69.35 on Friday. Stantec Inc. has a fifty-two week low of $66.94 and a fifty-two week high of $114.51. The stock’s 50 day simple moving average is $78.86 and its two-hundred day simple moving average is $88.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 22.23 and a beta of 0.98.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results 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 during the quarter, compared to analyst estimates 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. As a group, analysts expect that Stantec Inc. will post 4.5 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company 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 $0.245 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. Stantec’s dividend payout ratio is 22.44%.

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.