Hsbc Holdings PLC Takes $4.79 Million Position in Stantec Inc. $STN

Hsbc Holdings PLC bought a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 69,476 shares of the business services provider’s stock, valued at approximately $4,788,000. Hsbc Holdings PLC owned about 0.06% of Stantec as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Stantec by 264.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 249 shares during the period. Addison Advisors LLC acquired a new stake in Stantec during the 2nd quarter valued at $33,000. Leonteq Securities AG acquired a new stake in Stantec during the 4th quarter valued at $37,000. Finally, Tower Research Capital LLC TRC boosted its position in Stantec by 423.7% during the second 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 during the period. Institutional investors own 63.86% of the company’s stock.

Stantec Stock Up 0.3%

STN opened at $74.90 on Friday. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $8.42 billion, a P/E ratio of 23.33 and a beta of 0.99. The stock has a fifty day moving average of $71.06 and a 200-day moving average of $80.12.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating 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 company 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. On average, equities analysts expect that Stantec Inc. will post 4.46 EPS for the current year.

Stantec Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.3%. Stantec’s payout ratio is currently 21.50%.

Wall Street Analysts Forecast Growth

STN has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Zacks Research downgraded shares of Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and a consensus price target 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.