Cidel Asset Management Inc. Raises Stock Position in Stantec Inc. $STN

Cidel Asset Management Inc. boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 159.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,724 shares of the business services provider’s stock after purchasing an additional 100,512 shares during the period. Cidel Asset Management Inc. owned about 0.14% of Stantec worth $14,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its stake in shares of Stantec by 82.4% during the 2nd 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 during the last quarter. Norges Bank purchased a new stake in shares of Stantec in the fourth quarter worth about $124,217,000. BCV Asset Management Inc. purchased a new stake in shares of Stantec in the fourth quarter worth about $93,015,000. Bank of Montreal Can grew its holdings in Stantec by 25.2% during 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 acquiring an additional 897,912 shares during the period. Finally, Man Group plc grew its holdings in Stantec by 103.5% during the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after acquiring an additional 803,322 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings downgraded Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Royal Bank Of Canada raised their price objective 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. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

NYSE:STN opened at $68.14 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 52 week low of $66.94 and a 52 week high of $114.51. The stock’s 50-day moving average price is $80.10 and its 200-day moving average price is $88.87. The stock has a market capitalization of $7.77 billion, a PE ratio of 21.84 and a beta of 0.98.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.22 billion during 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. As a group, equities 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. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s dividend payout ratio is presently 22.44%.

About Stantec

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.