Perigon Wealth Management LLC Acquires Shares of 6,340 Stantec Inc. $STN

Perigon Wealth Management LLC acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,340 shares of the business services provider’s stock, valued at approximately $598,000.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Trading LLC lifted its stake in shares of Stantec by 2.4% in the 3rd quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 120 shares during the period. Harvest Portfolios Group Inc. lifted its stake in shares of Stantec by 4.1% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 3,120 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 122 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Stantec by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 180 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Stantec by 14.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,499 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 192 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Performance

NYSE:STN opened at $86.06 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. The company has a fifty day moving average of $91.51 and a two-hundred day moving average of $98.54. The stock has a market capitalization of $9.82 billion, a PE ratio of 28.50 and a beta of 1.12. Stantec Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 earnings per share for the quarter, topping 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. As a group, research analysts forecast that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.245 per share. This is a boost 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 is Tuesday, March 31st. Stantec’s dividend payout ratio (DPR) is currently 23.51%.

Wall Street Analyst Weigh In

STN has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Weiss Ratings cut shares of Stantec from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Company 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.