Avanza Fonder AB Purchases 9,074 Shares of Stantec Inc. $STN

Avanza Fonder AB raised its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 134.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,843 shares of the business services provider’s stock after acquiring an additional 9,074 shares during the period. Avanza Fonder AB’s holdings in Stantec were worth $1,495,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of STN. Jones Financial Companies Lllp lifted its position in shares of Stantec by 1,504.9% in the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Stantec by 15.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock valued at $13,621,000 after purchasing an additional 22,524 shares in the last quarter. Jane Street Group LLC grew its position in Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after purchasing an additional 9,325 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Stantec by 100.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock valued at $569,000 after buying an additional 2,626 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Price Performance

Shares of NYSE STN opened at $87.78 on Wednesday. The firm has a market cap of $10.01 billion, a P/E ratio of 29.07 and a beta of 1.12. The business’s 50 day moving average is $94.14 and its 200-day moving average is $100.16. 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 Inc. has a 1-year low of $77.07 and a 1-year high of $114.51.

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

Stantec Increases Dividend

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

Analysts Set New Price Targets

STN has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Royal Bank Of Canada upped 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. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.00.

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.