Stantec Inc. $STN Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 59.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 63,212 shares of the business services provider’s stock after selling 92,318 shares during the quarter. Cidel Asset Management Inc. owned about 0.06% of Stantec worth $5,973,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Stantec by 3.2% in the third 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 during the last quarter. Bank of Montreal Can boosted its position in Stantec by 6.6% in the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after buying an additional 219,733 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Stantec by 0.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after buying an additional 26,388 shares during the period. Fiera Capital Corp increased its holdings in Stantec by 3.5% in the 3rd quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock worth $266,236,000 after buying an additional 84,251 shares during the period. Finally, Amundi raised its position in Stantec by 4.4% during the 2nd quarter. Amundi now owns 1,316,468 shares of the business services provider’s stock worth $152,211,000 after buying an additional 55,596 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Stock Performance

STN opened at $86.98 on Monday. The firm has a fifty day moving average price of $92.05 and a 200 day moving average price of $98.85. Stantec Inc. has a 1 year low of $77.07 and a 1 year high of $114.51. The stock has a market cap of $9.92 billion, a P/E ratio of 28.80 and a beta of 1.12. 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 released its quarterly earnings data 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations 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. Equities research analysts anticipate 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 paid a $0.245 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. This is a boost from Stantec’s previous quarterly dividend of $0.23. Stantec’s dividend payout ratio (DPR) is presently 23.84%.

Wall Street Analyst Weigh In

STN has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.