The Manufacturers Life Insurance Company Purchases New Shares in Stantec Inc. $STN

The Manufacturers Life Insurance Company acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,429,426 shares of the business services provider’s stock, valued at approximately $98,396,000. The Manufacturers Life Insurance Company owned about 1.27% of Stantec as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock worth $468,622,000 after purchasing an additional 92,641 shares in the last quarter. Bank of Montreal Can raised its position in Stantec by 25.2% in the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after purchasing an additional 897,912 shares during the last quarter. Royal Bank of Canada raised its position in Stantec by 2.9% in the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after purchasing an additional 117,613 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Stantec by 19.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in 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 in the last quarter. 63.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on STN. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut Stantec from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Stock Down 1.0%

NYSE:STN opened at $73.50 on Wednesday. The company has a quick ratio of 1.50, a current 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 stock’s fifty day simple moving average is $70.66 and its 200-day simple moving average is $80.51. The firm has a market capitalization of $8.26 billion, a P/E ratio of 22.90 and a beta of 0.99.

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

Stantec Dividend Announcement

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

About Stantec

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.