Wellington Management Group LLP Makes New $11.91 Million Investment in Stantec Inc. $STN

Wellington Management Group LLP acquired a new position in Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 172,715 shares of the business services provider’s stock, valued at approximately $11,908,000.

A number of other institutional investors also recently made changes to their positions in STN. Allworth Financial LP raised its position in Stantec by 223.9% in the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after buying an additional 249 shares during the period. Addison Advisors LLC purchased a new stake in Stantec during the second quarter valued at about $33,000. Leonteq Securities AG bought a new position in shares of Stantec during the fourth quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying 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

STN has been the subject of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Price Performance

Shares of STN stock opened at $73.55 on Tuesday. The firm has a market cap of $8.27 billion, a P/E ratio of 22.91 and a beta of 0.99. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The business’s 50 day moving average price is $71.57 and its 200-day moving average price is $79.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating 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 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. On average, equities research analysts anticipate that Stantec Inc. will post 4.46 earnings per share for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be issued a $0.245 dividend. 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%.

Stantec 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.