Cullen Capital Management LLC Buys New Shares in Stantec Inc. $STN

Cullen Capital Management LLC purchased a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,175 shares of the business services provider’s stock, valued at approximately $494,000.

A number of other large investors also recently bought and sold shares of STN. Allworth Financial LP grew its stake in shares of Stantec by 223.9% during the 4th 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 period. Caitong International Asset Management Co. Ltd raised its position in shares of 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 worth $32,000 after buying an additional 249 shares during the period. Addison Advisors LLC purchased a new position in shares of Stantec in the 2nd quarter worth $33,000. Leonteq Securities AG purchased a new position in shares of Stantec in the 4th quarter worth $37,000. Finally, Tower Research Capital LLC TRC boosted 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 acquiring an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on STN. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Weiss Ratings lowered Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Stock Performance

NYSE:STN opened at $73.50 on Wednesday. The firm’s fifty day simple moving average is $70.66 and its 200 day simple moving average is $80.51. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 22.90 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. Stantec had a return on equity of 19.70% and a net margin of 5.91%.The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities research analysts expect that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid a $0.245 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. Stantec’s dividend payout ratio (DPR) is 21.50%.

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.