Connor Clark & Lunn Investment Management Ltd. Invests $9.87 Million in Stantec Inc. $STN

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 143,215 shares of the business services provider’s stock, valued at approximately $9,869,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Stantec as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STN. Jones Financial Companies Lllp grew its position in Stantec by 1,504.9% during the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after buying an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Stantec by 15.9% during the 1st 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 valued at $13,621,000 after acquiring an additional 22,524 shares during the period. Jane Street Group LLC lifted its position in shares of Stantec by 73.2% during the 1st quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after acquiring an additional 9,325 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Stantec during the 2nd quarter worth approximately $361,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Stantec by 15.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Up 2.8%

Shares of NYSE STN opened at $75.58 on Thursday. The firm’s 50-day moving average is $70.78 and its two-hundred day moving average is $80.34. The company has a market capitalization of $8.50 billion, a PE ratio of 23.55 and a beta of 0.99. Stantec Inc. has a 12-month low of $66.26 and a 12-month high of $114.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities analysts anticipate that Stantec Inc. will post 4.46 EPS for the current fiscal year.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.245 per share. 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 (DPR) is presently 21.50%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Friday, August 14th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Finally, Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 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, the stock currently 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.