Stantec Inc. $STN Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia cut its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,432 shares of the business services provider’s stock after selling 10,367 shares during the quarter. Bank of Nova Scotia owned about 0.13% of Stantec worth $13,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Leonteq Securities AG purchased a new stake in Stantec in the fourth quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its stake in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Stantec during the fourth quarter worth $57,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STN shares. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Trading Up 1.1%

NYSE:STN opened at $67.50 on Friday. Stantec Inc. has a 12-month low of $66.26 and a 12-month high of $114.51. The firm has a market cap of $7.59 billion, a PE ratio of 21.63 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $71.35 and a 200 day moving average price of $84.71.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts anticipate that Stantec Inc. will post 4.43 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.245 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.5%. Stantec’s payout ratio is currently 22.12%.

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.