Guardian Capital LP Sells 6,916 Shares of Stantec Inc. $STN

Guardian Capital LP decreased its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 2.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 286,858 shares of the business services provider’s stock after selling 6,916 shares during the period. Stantec accounts for about 1.0% of Guardian Capital LP’s portfolio, making the stock its 29th largest position. Guardian Capital LP’s holdings in Stantec were worth $30,943,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of STN. Alliancebernstein L.P. raised its stake in Stantec by 82.4% in 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 in the last quarter. Norges Bank bought a new position in shares of Stantec in the 2nd quarter worth $157,932,000. Geode Capital Management LLC raised its position in shares of Stantec by 21.5% in the 2nd quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider’s stock worth $102,211,000 after acquiring an additional 163,578 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Stantec by 64.3% during the 3rd quarter. Principal Financial Group Inc. now owns 412,480 shares of the business services provider’s stock worth $44,494,000 after purchasing an additional 161,400 shares during the last quarter. Finally, AXA S.A. lifted its stake in shares of Stantec by 139.2% during the 2nd quarter. AXA S.A. now owns 266,179 shares of the business services provider’s stock worth $28,928,000 after purchasing an additional 154,884 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Trading Down 1.1%

Stantec stock opened at $90.51 on Friday. The stock has a 50-day moving average of $96.00 and a two-hundred day moving average of $101.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. Stantec Inc. has a one year low of $77.07 and a one year high of $114.51. The stock has a market cap of $10.32 billion, a PE ratio of 29.97 and a beta of 1.12.

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 for the quarter, topping the consensus estimate of $0.87 by $0.03. Stantec had a return on equity of 17.56% 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. On average, research analysts anticipate that Stantec Inc. will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The business also recently announced 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. This is a boost from Stantec’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, March 31st. This represents a $0.98 dividend on an annualized basis and a yield of 1.1%. Stantec’s dividend payout ratio (DPR) is 21.85%.

Analysts Set New Price Targets

STN has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Desjardins reiterated a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Royal Bank Of Canada raised their target price on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average 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.