Walleye Capital LLC Buys Shares of 36,720 Stantec Inc. $STN

Walleye Capital LLC purchased a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, HoldingsChannel reports. The institutional investor purchased 36,720 shares of the business services provider’s stock, valued at approximately $2,530,000.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its position 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Stantec by 264.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Leonteq Securities AG purchased a new position in Stantec in the fourth quarter worth $37,000. Tower Research Capital LLC TRC increased its stake 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. Finally, State of Wyoming bought a new position in Stantec in the fourth quarter valued at $63,000. Institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Stantec Stock Down 0.4%

Shares of NYSE:STN opened at $73.68 on Friday. The stock has a market capitalization of $8.28 billion, a P/E ratio of 22.95 and a beta of 0.99. The stock’s 50-day moving average price is $70.40 and its 200-day moving average price is $81.93. The company has a current ratio of 1.50, a quick ratio of 1.35 and a debt-to-equity ratio of 0.54. Stantec Inc. has a 12-month low of $66.26 and a 12-month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Stantec had a return on equity of 19.70% and a net margin of 5.91%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities analysts anticipate that Stantec Inc. will post 4.41 earnings per share for the current year.

Stantec Announces Dividend

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