Ieq Capital LLC Acquires New Holdings in Stantec Inc. $STN

Ieq Capital LLC bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,970 shares of the business services provider’s stock, valued at approximately $1,100,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UBS Group AG increased its stake in shares of Stantec by 23.2% during the 4th quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock worth $36,861,000 after purchasing an additional 73,539 shares in the last quarter. Bank of America Corp DE lifted its stake in Stantec by 12.6% in the 1st quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock valued at $98,555,000 after buying an additional 127,229 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Stantec by 126.0% in the 4th quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after buying an additional 519,545 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Stantec by 59.8% during the 1st quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock valued at $5,090,000 after buying an additional 22,036 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Stantec during the 4th quarter valued at $3,980,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Up 2.8%

STN stock opened at $75.58 on Thursday. The company has a 50 day moving average price of $70.78 and a two-hundred day moving average price of $80.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $8.50 billion, a P/E ratio of 23.55 and a beta of 0.99. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51.

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

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a dividend of $0.245 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec’s dividend payout ratio is 21.50%.

Wall Street Analysts Forecast Growth

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