Russell Investments Group Ltd. Acquires 37,465 Shares of Stantec Inc. $STN

Russell Investments Group Ltd. boosted its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,717 shares of the business services provider’s stock after buying an additional 37,465 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.39% of Stantec worth $47,336,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Waratah Capital Advisors Ltd. grew its stake in Stantec by 6.5% in the second quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after purchasing an additional 25,073 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Stantec by 12.5% during the third quarter. Cibc World Market Inc. now owns 281,746 shares of the business services provider’s stock valued at $30,379,000 after buying an additional 31,383 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Stantec by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock valued at $525,584,000 after buying an additional 152,170 shares in the last quarter. Forge First Asset Management Inc. grew its position in shares of Stantec by 94.2% in the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after buying an additional 42,000 shares during the last quarter. Finally, Principal Financial Group Inc. raised 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 acquiring an additional 161,400 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Analyst Ratings Changes

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

Stantec Stock Performance

Shares of Stantec stock opened at $91.39 on Thursday. The company has a 50 day moving average price of $95.75 and a 200 day moving average price of $101.49. The firm has a market capitalization of $10.42 billion, a P/E ratio of 30.26 and a beta of 1.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 52 week low of $77.07 and a 52 week high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its 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 net margin of 5.90% and a return on equity of 17.56%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts expect that Stantec Inc. will post 3.05 EPS for the current year.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Stantec’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, March 31st. Stantec’s dividend payout ratio is presently 21.85%.

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.