Stantec Inc. $STN Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,475,699 shares of the business services provider’s stock after buying an additional 26,388 shares during the quarter. Alliancebernstein L.P. owned about 3.05% of Stantec worth $374,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in shares of Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares during the period. Simplex Trading LLC acquired a new stake in shares of Stantec in the second quarter worth $32,000. Tower Research Capital LLC TRC raised its stake in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 411 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Stantec by 122.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 392 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in shares of Stantec during the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Down 0.7%

NYSE STN opened at $88.23 on Monday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 29.22 and a beta of 1.12. Stantec Inc. has a 12 month low of $77.07 and a 12 month high of $114.51. The company’s fifty day moving average price is $95.48 and its two-hundred day moving average price is $101.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 1.23.

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

Stantec Increases Dividend

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

Analysts Set New Price Targets

STN has been the subject of a number of research reports. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Desjardins reissued a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Royal Bank Of Canada boosted their price objective on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company 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.