Stantec (NYSE:STN) Reaches New 12-Month Low – Time to Sell?

Stantec Inc. (NYSE:STN) (TSE:STN) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $66.18 and last traded at $65.94, with a volume of 73527 shares trading hands. The stock had previously closed at $67.54.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STN. Weiss Ratings cut shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce reissued 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 report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Trading Down 2.6%

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 market capitalization of $7.38 billion, a price-to-earnings ratio of 20.49 and a beta of 1.01. The business has a fifty day simple moving average of $71.69 and a 200 day simple moving average of $76.04.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping 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. As a group, research analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of C$0.24 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.5%. Stantec’s dividend payout ratio (DPR) is currently 22.12%.

Institutional Investors Weigh In On Stantec

Several institutional investors have recently made changes to their positions in STN. Groupe la Francaise lifted its position in Stantec by 5.6% during the first quarter. Groupe la Francaise now owns 4,750 shares of the business services provider’s stock worth $409,000 after purchasing an additional 250 shares during the period. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Stantec by 1.2% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 29,501 shares of the business services provider’s stock worth $2,542,000 after acquiring an additional 347 shares during the period. Wellington Altus USA Inc. bought a new stake in shares of Stantec during the 2nd quarter worth approximately $26,000. Addison Advisors LLC acquired a new stake in shares of Stantec during the 2nd quarter worth approximately $33,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stantec during the 2nd quarter worth approximately $62,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Company Profile

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.