813,315 Shares in Stantec Inc. $STN Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 813,315 shares of the business services provider’s stock, valued at approximately $56,076,000.

Other institutional investors have also made changes to their positions in the company. UBS Group AG increased its position in Stantec by 23.2% during the 4th quarter. UBS Group AG now owns 390,644 shares of the business services provider’s stock valued at $36,861,000 after purchasing an additional 73,539 shares during the period. Bank of America Corp DE increased its position in shares of Stantec by 12.6% during the first quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock valued at $98,555,000 after buying an additional 127,229 shares during the period. Principal Financial Group Inc. increased its position in shares of Stantec by 126.0% during the fourth quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider’s stock valued at $88,066,000 after buying an additional 519,545 shares during the period. Quantinno Capital Management LP raised its stake in Stantec by 59.8% in the first quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock worth $5,090,000 after buying an additional 22,036 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in Stantec in the fourth quarter worth about $3,980,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Stock Performance

Shares of STN opened at $74.90 on Friday. The business’s fifty day simple moving average is $71.06 and its two-hundred day simple moving average is $80.12. The company has a current ratio of 1.50, a quick ratio of 1.50 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. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 23.33 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Research analysts anticipate that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.