Y Intercept Hong Kong Ltd Purchases 35,064 Shares of Stantec Inc. $STN

Y Intercept Hong Kong Ltd raised its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 459.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,696 shares of the business services provider’s stock after purchasing an additional 35,064 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Stantec were worth $3,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after acquiring an additional 22,524 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Stantec by 73.2% in the 1st quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after purchasing an additional 9,325 shares during the period. Cetera Investment Advisers bought a new stake in Stantec in the second quarter worth $361,000. Finally, EverSource Wealth Advisors LLC increased its position in Stantec by 15.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 180 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 2.3%

Shares of STN traded down $1.66 during mid-day trading on Tuesday, hitting $69.03. The company’s stock had a trading volume of 96,978 shares, compared to its average volume of 383,256. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 22.16 and a beta of 1.00. The company’s 50-day moving average is $76.33 and its 200-day moving average is $87.25. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 52-week low of $66.94 and a 52-week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities research analysts forecast that Stantec Inc. will post 4.5 EPS for the current fiscal year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, June 30th. Stantec’s payout ratio is 22.76%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STN shares. Weiss Ratings downgraded 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 reissued an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research cut shares of Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets raised shares of 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.00.

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.