Nicola Wealth Management LTD. Lowers Stake in Stantec Inc. $STN

Nicola Wealth Management LTD. cut its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 20.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,600 shares of the business services provider’s stock after selling 16,600 shares during the quarter. Nicola Wealth Management LTD. owned about 0.06% of Stantec worth $6,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after acquiring an additional 126 shares during the last quarter. Allworth Financial LP increased its stake in Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares during the last quarter. Leonteq Securities AG acquired a new stake in Stantec during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC increased its stake in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after acquiring an additional 411 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Stantec during the fourth quarter worth about $57,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on STN. Weiss Ratings lowered Stantec from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada upped their target price on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

STN opened at $76.57 on Monday. The company has a fifty day simple moving average of $86.61 and a 200 day simple moving average of $93.18. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 24.54 and a beta of 1.06. Stantec Inc. has a twelve month low of $72.46 and a twelve month high of $114.51. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 17.69%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities research analysts expect that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Stantec’s payout ratio is presently 22.44%.

About Stantec

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.