TD Asset Management Inc Cuts Stake in Stantec Inc. $STN

TD Asset Management Inc cut its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 26.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 705,663 shares of the business services provider’s stock after selling 255,937 shares during the period. TD Asset Management Inc owned approximately 0.62% of Stantec worth $76,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its position in shares of Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 126 shares in the last quarter. Simplex Trading LLC purchased a new stake in Stantec during the 2nd quarter valued at $32,000. Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 423.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Stantec by 122.5% in the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock worth $77,000 after purchasing an additional 392 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in shares of Stantec during the second quarter valued at $143,000. Institutional investors own 63.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on STN. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 5.6%

Shares of STN stock opened at $95.32 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 31.56 and a beta of 1.12. Stantec Inc. has a 1 year low of $77.07 and a 1 year high of $114.51. The firm has a fifty day moving average price of $96.46 and a 200-day moving average price of $102.53.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Stantec had a return on equity of 17.22% and a net margin of 5.90%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts predict that Stantec Inc. will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Stantec’s previous quarterly dividend of $0.23. Stantec’s payout ratio is presently 21.71%.

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.