TD Asset Management Inc Boosts Stake in Stantec Inc. $STN

TD Asset Management Inc increased its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 758,607 shares of the business services provider’s stock after purchasing an additional 52,944 shares during the period. TD Asset Management Inc’s holdings in Stantec were worth $71,680,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after buying an additional 126 shares during the last quarter. Allworth Financial LP increased its holdings in Stantec by 223.9% in the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after buying an additional 206 shares during the last quarter. Leonteq Securities AG purchased a new position in Stantec in the fourth quarter valued at $37,000. Tower Research Capital LLC TRC increased its holdings in Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Stantec in the fourth quarter valued at $57,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Trading Down 1.9%

NYSE STN opened at $73.87 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $8.43 billion, a PE ratio of 23.68 and a beta of 0.98. Stantec Inc. has a one year low of $72.46 and a one year high of $114.51. The firm’s fifty day moving average is $83.96 and its two-hundred day moving average is $91.03.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 19.37%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts expect that Stantec Inc. will post 4.5 earnings per share for the current year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, June 30th. Stantec’s payout ratio is 22.44%.

Analyst Upgrades and Downgrades

STN has been the topic of several recent analyst reports. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. Weiss Ratings lowered Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Royal Bank Of Canada increased their target price on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Finally, Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.