Hsbc Holdings PLC Lowers Stake in Stantec Inc. $STN

Hsbc Holdings PLC lowered its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 72.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,693 shares of the business services provider’s stock after selling 193,255 shares during the period. Hsbc Holdings PLC’s holdings in Stantec were worth $7,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 valued at $468,622,000 after purchasing an additional 92,641 shares in the last quarter. Bank of Montreal Can boosted its position in shares of 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 in the last quarter. Royal Bank of Canada boosted its position in shares of 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 in the last quarter. Alliancebernstein L.P. boosted its position in shares of Stantec by 0.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after purchasing an additional 26,388 shares in the last quarter. Finally, Man Group plc grew its stake in shares of Stantec by 103.5% in the 4th quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after buying an additional 803,322 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Wall Street Analyst Weigh In

STN has been the subject of a number of analyst reports. Weiss Ratings lowered Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. 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 report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

Shares of NYSE:STN opened at $69.35 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. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 22.23 and a beta of 0.98. The business has a 50-day simple moving average of $78.86 and a two-hundred day simple moving average of $88.37. Stantec Inc. has a fifty-two week low of $66.94 and a fifty-two week high of $114.51.

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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, analysts expect that Stantec Inc. will post 4.5 earnings per share for the current year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.245 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. Stantec’s dividend payout ratio is 22.44%.

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.