Alberta Investment Management Corp Acquires New Shares in Stantec Inc. $STN

Alberta Investment Management Corp bought a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 591,000 shares of the business services provider’s stock, valued at approximately $55,771,000. Alberta Investment Management Corp owned approximately 0.52% of Stantec at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Wolverine Trading LLC increased its holdings in Stantec by 2.4% during the 3rd quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock worth $551,000 after purchasing an additional 120 shares in the last quarter. Harvest Portfolios Group Inc. increased its holdings in Stantec by 4.1% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 3,120 shares of the business services provider’s stock worth $336,000 after purchasing an additional 122 shares in the last quarter. Parallel Advisors LLC increased its holdings in Stantec by 15.3% during the 4th quarter. Parallel Advisors LLC now owns 1,004 shares of the business services provider’s stock worth $95,000 after purchasing an additional 133 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after purchasing an additional 180 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

NYSE:STN opened at $71.17 on Tuesday. 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’s 50-day simple moving average is $82.30 and its 200 day simple moving average is $90.01. The company has a market cap of $8.12 billion, a P/E ratio of 22.81 and a beta of 0.98. Stantec Inc. has a 52-week low of $70.84 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results 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 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. As a group, sell-side analysts forecast that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on STN. Weiss Ratings cut Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Royal Bank Of Canada increased their target price on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average 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.