Canoe Financial LP Sells 10,692 Shares of Stantec Inc. $STN

Canoe Financial LP reduced its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 14.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,156 shares of the business services provider’s stock after selling 10,692 shares during the quarter. Canoe Financial LP owned 0.06% of Stantec worth $5,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG increased its holdings in Stantec by 23.2% during the 4th quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock worth $36,861,000 after purchasing an additional 73,539 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Stantec by 6.6% in the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after purchasing an additional 219,733 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Stantec by 126.0% in the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after purchasing an additional 519,545 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Stantec by 0.8% during the third 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, JPMorgan Chase & Co. boosted its position in shares of Stantec by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 588,242 shares of the business services provider’s stock valued at $63,412,000 after buying an additional 75,108 shares during the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Stock Performance

NYSE STN opened at $69.35 on Monday. Stantec Inc. has a 52-week low of $66.94 and a 52-week high of $114.51. The company has a 50-day simple moving average of $78.86 and a 200 day simple moving average of $88.32. 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 company has a market capitalization of $7.91 billion, a PE ratio of 22.23 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 (EPS) 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 analysts’ expectations 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, research analysts predict that Stantec Inc. will post 4.5 EPS for the current year.

Stantec Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on STN shares. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Royal Bank Of Canada upped their target price on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s 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.