Goldman Sachs Group Inc. Sells 355,035 Shares of Stantec Inc. $STN

Goldman Sachs Group Inc. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 21.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,307,687 shares of the business services provider’s stock after selling 355,035 shares during the period. Goldman Sachs Group Inc.’s holdings in Stantec were worth $123,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in shares of Stantec by 82.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after buying an additional 1,558,703 shares during the last quarter. Norges Bank acquired a new stake in shares of Stantec during the 4th quarter worth about $124,217,000. Principal Financial Group Inc. lifted its stake in shares of Stantec by 126.0% during the 4th quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock worth $88,066,000 after buying an additional 519,545 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Stantec by 80.4% during the 3rd quarter. Bank of America Corp DE now owns 870,352 shares of the business services provider’s stock worth $93,824,000 after buying an additional 387,927 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Stantec by 44.5% during the 3rd quarter. Legal & General Group Plc now owns 802,897 shares of the business services provider’s stock worth $86,609,000 after buying an additional 247,087 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of Stantec stock opened at $73.53 on Tuesday. Stantec Inc. has a twelve month low of $72.46 and a twelve month high of $114.51. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $83.69 and a two-hundred day simple moving average of $90.81. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 23.57 and a beta of 0.98.

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

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.245 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 annualized dividend and a yield of 1.3%. Stantec’s payout ratio is 22.44%.

Analysts Set New Price Targets

STN has been the subject of a number of research reports. Weiss Ratings cut shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised their target price on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.00.

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.