Bank of Montreal Can Has $384.58 Million Holdings in Stantec Inc. $STN

Bank of Montreal Can boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,566,821 shares of the business services provider’s stock after acquiring an additional 219,733 shares during the period. Bank of Montreal Can owned approximately 3.13% of Stantec worth $384,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Waratah Capital Advisors Ltd. lifted its holdings in shares of Stantec by 6.5% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after purchasing an additional 25,073 shares in the last quarter. Cibc World Market Inc. grew its position in shares of Stantec by 12.5% in the 3rd quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock valued at $30,379,000 after purchasing an additional 31,383 shares during the period. Vanguard Group Inc. increased its stake in Stantec by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock worth $525,584,000 after purchasing an additional 152,170 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Stantec by 64.3% during the 3rd quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock worth $44,494,000 after buying an additional 161,400 shares during the period. Finally, Forge First Asset Management Inc. raised its holdings in Stantec by 94.2% during the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after buying an additional 42,000 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STN has been the topic of a number of research reports. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Finally, Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

NYSE:STN opened at $91.35 on Tuesday. The stock has a market capitalization of $10.42 billion, a PE ratio of 30.25 and a beta of 1.12. Stantec Inc. has a 1-year low of $77.07 and a 1-year high of $114.51. The firm has a fifty day simple moving average of $95.91 and a 200 day simple moving average of $101.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.65 billion. Stantec had a net margin of 5.90% and a return on equity of 17.56%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, research analysts expect that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.23. Stantec’s payout ratio is currently 21.85%.

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.