Bank of America Corp DE Purchases 127,229 Shares of Stantec Inc. $STN

Bank of America Corp DE boosted its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 12.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,140,686 shares of the business services provider’s stock after purchasing an additional 127,229 shares during the quarter. Bank of America Corp DE’s holdings in Stantec were worth $98,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STN. Wolverine Trading LLC lifted its holdings in shares of Stantec by 2.4% during the third quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock worth $551,000 after purchasing an additional 120 shares during the period. Parallel Advisors LLC raised its position in Stantec by 15.3% during the 4th quarter. Parallel Advisors LLC now owns 1,004 shares of the business services provider’s stock worth $95,000 after buying an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after buying an additional 180 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Stantec by 223.9% in the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Stantec by 6.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,347 shares of the business services provider’s stock worth $333,000 after acquiring an additional 207 shares during the period. 63.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STN. Weiss Ratings lowered shares of Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Price Performance

Shares of NYSE STN opened at $73.45 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35. Stantec Inc. has a one year low of $66.26 and a one year high of $114.51. The firm has a market capitalization of $8.26 billion, a P/E ratio of 23.54 and a beta of 0.99. The company’s fifty day moving average is $70.48 and its two-hundred day moving average is $82.84.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 19.37%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts forecast that Stantec Inc. will post 4.43 EPS for the current fiscal year.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Stantec’s dividend payout ratio (DPR) is presently 22.12%.

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.