TD Waterhouse Canada Inc. Acquires 57,145 Shares of Stantec Inc. $STN

TD Waterhouse Canada Inc. boosted its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 891,558 shares of the business services provider’s stock after acquiring an additional 57,145 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Stantec were worth $59,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. acquired a new position in Stantec during the third quarter worth $109,514,000. Fortitude Family Office LLC purchased a new stake in Stantec during the 3rd quarter worth approximately $32,000. Farther Finance Advisors LLC increased its stake in Stantec by 67.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock worth $83,000 after buying an additional 500 shares in the last quarter. Andra AP fonden increased its stake in Stantec by 25.5% during the 2nd quarter. Andra AP fonden now owns 29,484 shares of the business services provider’s stock worth $2,032,000 after buying an additional 6,000 shares in the last quarter. Finally, Wellington Altus USA Inc. acquired a new position in shares of Stantec during the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of Stantec stock traded up $0.03 on Friday, hitting $69.22. 276,797 shares of the company were exchanged, compared to its average volume of 378,721. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $71.01 and a 200 day moving average price of $75.01. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 21.56 and a beta of 1.01. Stantec Inc. has a 1-year low of $65.35 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 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 analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, sell-side analysts predict that Stantec Inc. will post 4.42 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a C$0.24 dividend. This represents a $0.98 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 29th. Stantec’s dividend payout ratio is presently 22.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STN. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Weiss Ratings upgraded Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Stantec from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

About Stantec

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.