Stantec Inc. $STN Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its stake in Stantec Inc. (NYSE:STN) (TSE:STN) by 228.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,801 shares of the business services provider’s stock after acquiring an additional 10,296 shares during the quarter. Vise Technologies Inc.’s holdings in Stantec were worth $997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Altus USA Inc. purchased a new stake in shares of Stantec during the second quarter valued at $26,000. Fortitude Family Office LLC purchased a new position in Stantec in the 3rd quarter worth about $32,000. Addison Advisors LLC purchased a new position in Stantec in the 2nd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Stantec during the 2nd quarter worth about $62,000. Finally, Farther Finance Advisors LLC raised its holdings in Stantec by 67.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock worth $83,000 after buying an additional 500 shares during the period. 63.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on STN shares. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Wall Street Zen lowered shares of Stantec from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings upgraded shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Price Performance

STN opened at $74.28 on Monday. The stock has a fifty day moving average price of $70.61 and a 200 day moving average price of $79.14. 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 1 year low of $65.35 and a 1 year high of $108.70. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 23.14 and a beta of 0.94.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts forecast that Stantec Inc. will post 4.42 EPS for the current fiscal year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were issued a C$0.24 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. Stantec’s dividend payout ratio is currently 22.12%.

Stantec Profile

Stantec is a global professional services firm that provides engineering, architecture, environmental consulting, and related services. Its work supports the planning, design, and delivery of projects in areas including water, transportation, buildings, energy, and community development.

Founded in Edmonton, Alberta, in 1954 as D.R. Stanley Associates, the company later adopted the Stantec name. It is headquartered in Edmonton and serves public- and private-sector clients across North America and in international markets.

Stantec’s multidisciplinary teams advise clients throughout a project’s life cycle, from early planning and environmental assessment to design, engineering, and project delivery.