Principal Financial Group Inc. Has $84.76 Million Stake in Stantec Inc. $STN

Principal Financial Group Inc. grew its stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 5.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 983,625 shares of the business services provider’s stock after purchasing an additional 51,600 shares during the period. Principal Financial Group Inc.’s holdings in Stantec were worth $84,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of STN. Vanguard Group Inc. lifted its holdings in shares of Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock valued at $468,622,000 after purchasing an additional 92,641 shares in the last quarter. Bank of Montreal Can raised its position in Stantec by 25.2% in the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after buying an additional 897,912 shares during the last quarter. Royal Bank of Canada raised its position in Stantec by 2.9% in the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after buying an additional 117,613 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock valued at $300,340,000 after acquiring an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after acquiring an additional 1,558,703 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on STN. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Stock Up 2.5%

STN stock opened at $70.42 on Friday. The stock has a market cap of $7.91 billion, a P/E ratio of 22.57 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $72.86 and its two-hundred day simple moving average is $85.78. Stantec Inc. has a 1-year low of $66.94 and a 1-year high of $114.51.

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

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.245 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.98 annualized dividend and a yield of 1.4%. Stantec’s dividend payout ratio is presently 22.12%.

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.