Stantec Inc. $STN Stock Holdings Lowered by Forge First Asset Management Inc.

Forge First Asset Management Inc. lessened its position in Stantec Inc. (NYSE:STN) (TSE:STN) by 42.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,679 shares of the business services provider’s stock after selling 36,900 shares during the period. Stantec makes up 2.5% of Forge First Asset Management Inc.’s portfolio, making the stock its 16th biggest position. Forge First Asset Management Inc.’s holdings in Stantec were worth $5,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Stantec by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock worth $525,584,000 after purchasing an additional 152,170 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after buying an additional 1,558,703 shares during the period. Fiera Capital Corp boosted its position in shares of Stantec by 3.5% during the third quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock worth $266,236,000 after buying an additional 84,251 shares during the period. Norges Bank acquired a new stake in Stantec in the 2nd quarter valued at approximately $157,932,000. Finally, Amundi raised its stake in Stantec by 4.4% during the 2nd quarter. Amundi now owns 1,316,468 shares of the business services provider’s stock valued at $152,211,000 after acquiring an additional 55,596 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Stock Performance

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

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, beating the consensus estimate of $0.87 by $0.03. Stantec had a return on equity of 17.22% and a net margin of 5.90%.The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Stantec’s previous quarterly dividend of $0.23. Stantec’s dividend payout ratio (DPR) is 21.71%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STN shares. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a research note 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.