Stantec Inc. $STN Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia trimmed its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 6.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,432 shares of the business services provider’s stock after selling 10,367 shares during the period. Bank of Nova Scotia’s holdings in Stantec were worth $13,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Walleye Capital LLC boosted its holdings in Stantec by 315.2% in the first quarter. Walleye Capital LLC now owns 16,135 shares of the business services provider’s stock valued at $1,394,000 after purchasing an additional 12,249 shares in the last quarter. Cetera Investment Advisers raised its holdings in Stantec by 54.3% during the first quarter. Cetera Investment Advisers now owns 8,288 shares of the business services provider’s stock worth $716,000 after purchasing an additional 2,918 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Stantec by 0.7% during the 1st quarter. First Trust Advisors LP now owns 696,342 shares of the business services provider’s stock worth $60,165,000 after buying an additional 4,992 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in shares of Stantec during the 1st quarter worth approximately $327,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Stantec by 23.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 458,993 shares of the business services provider’s stock valued at $39,654,000 after buying an additional 88,417 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Stantec Stock Up 1.1%

Shares of NYSE:STN opened at $67.50 on Friday. Stantec Inc. has a 1-year low of $66.26 and a 1-year high of $114.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $7.59 billion, a P/E ratio of 21.63 and a beta of 1.00. The firm has a fifty day moving average price of $71.35 and a 200 day moving average price of $84.71.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts predict that Stantec Inc. will post 4.43 EPS for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.98 annualized dividend and a yield of 1.5%. Stantec’s dividend payout ratio is currently 22.12%.

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.