Neuberger Berman Group LLC Boosts Stock Position in Stantec Inc. $STN

Neuberger Berman Group LLC increased its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 54.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,900 shares of the business services provider’s stock after acquiring an additional 79,446 shares during the quarter. Neuberger Berman Group LLC’s holdings in Stantec were worth $24,256,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harvest Portfolios Group Inc. raised its stake in Stantec by 4.1% during 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. boosted its stake in Stantec by 100.0% in 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. EverSource Wealth Advisors LLC grew its holdings in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after buying an additional 180 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Stantec by 14.7% during the third quarter. Versant Capital Management Inc now owns 1,499 shares of the business services provider’s stock valued at $162,000 after buying an additional 192 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Stantec by 9.6% in the third quarter. Savant Capital LLC now owns 2,608 shares of the business services provider’s stock worth $281,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.1%

STN opened at $90.51 on Friday. The firm has a market cap of $10.32 billion, a P/E ratio of 29.97 and a beta of 1.12. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $96.00 and a 200 day moving average of $101.85. Stantec Inc. has a 12 month low of $77.07 and a 12 month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Stantec had a return on equity of 17.56% and a net margin of 5.90%.The company 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. As a group, research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The company 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 dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.98 dividend on an annualized basis 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 is presently 21.85%.

Analysts Set New Price Targets

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