Picton Mahoney Asset Management Sells 8,203 Shares of Stantec Inc. $STN

Picton Mahoney Asset Management trimmed its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 61.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,194 shares of the business services provider’s stock after selling 8,203 shares during the quarter. Picton Mahoney Asset Management’s holdings in Stantec were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after acquiring an additional 1,558,703 shares in the last quarter. Norges Bank acquired a new stake in Stantec during the 2nd quarter valued at $157,932,000. Geode Capital Management LLC increased its holdings in Stantec by 21.5% during the 2nd quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider’s stock valued at $102,211,000 after purchasing an additional 163,578 shares in the last quarter. Principal Financial Group Inc. raised its position in Stantec by 64.3% in the 3rd quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock valued at $44,494,000 after purchasing an additional 161,400 shares during the last quarter. Finally, AXA S.A. raised its position in Stantec by 139.2% in the 2nd quarter. AXA S.A. now owns 266,179 shares of the business services provider’s stock valued at $28,928,000 after purchasing an additional 154,884 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Down 1.1%

NYSE STN opened at $90.51 on Friday. The stock has a market capitalization of $10.32 billion, a P/E ratio of 29.97 and a beta of 1.12. Stantec Inc. has a 52 week low of $77.07 and a 52 week high of $114.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a fifty day moving average of $96.00 and a 200-day moving average of $101.85.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.65 billion. Stantec had a return on equity of 17.56% and a net margin of 5.90%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities research analysts forecast that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 1.1%. The ex-dividend date is Tuesday, March 31st. This is a boost from Stantec’s previous quarterly dividend of $0.23. Stantec’s dividend payout ratio is currently 21.85%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STN. Desjardins restated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Royal Bank Of Canada upped their price target on shares of Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Company 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.