Stantec Inc. $STN Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. cut its holdings in Stantec Inc. (NYSE:STN) (TSE:STN) by 22.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 126,734 shares of the business services provider’s stock after selling 36,990 shares during the quarter. Cidel Asset Management Inc.’s holdings in Stantec were worth $8,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Stantec by 12.6% during the first quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider’s stock valued at $98,555,000 after purchasing an additional 127,229 shares during the last quarter. Quantinno Capital Management LP grew its position in Stantec by 59.8% in the first quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider’s stock worth $5,090,000 after buying an additional 22,036 shares during the last quarter. BlackRock Inc. bought a new position in shares of Stantec in the second quarter valued at $26,494,000. Alberta Investment Management Corp bought a new position in shares of Stantec in the second quarter valued at $36,311,000. Finally, Geode Capital Management LLC lifted its position in shares of Stantec by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 1,058,720 shares of the business services provider’s stock valued at $100,355,000 after acquiring an additional 68,978 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Performance

Shares of Stantec stock opened at $72.90 on Wednesday. Stantec Inc. has a 12 month low of $66.26 and a 12 month high of $114.51. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a market cap of $8.19 billion, a PE ratio of 22.71 and a beta of 0.99. The business has a fifty day simple moving average of $71.65 and a 200-day simple moving average of $79.06.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, sell-side analysts anticipate that Stantec Inc. will post 4.46 EPS for the current fiscal year.

Stantec Dividend Announcement

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

Wall Street Analyst Weigh In

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

Stantec Profile

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.