881,814 Shares in Stantec Inc. $STN Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 881,814 shares of the business services provider’s stock, valued at approximately $60,762,000.

Several other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Stantec by 223.9% in the fourth 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 last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Leonteq Securities AG purchased a new position in Stantec during the 4th quarter worth $37,000. Addison Advisors LLC acquired a new position in Stantec during the 2nd quarter valued at about $33,000. Finally, Tower Research Capital LLC TRC increased its position in Stantec by 423.7% during the 2nd 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 in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Stock Performance

Shares of STN opened at $74.62 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a 50-day moving average of $70.92 and a two-hundred day moving average of $80.16. The stock has a market cap of $8.39 billion, a P/E ratio of 23.25 and a beta of 0.99. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data 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. Stantec had a return on equity of 19.70% and a net margin of 5.91%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts predict that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 29th. Stantec’s dividend payout ratio is 21.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Stantec currently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

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.