Cullen Capital Management LLC Purchases New Shares in Stantec Inc. $STN

Cullen Capital Management LLC acquired a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 7,175 shares of the business services provider’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STN. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Stantec by 15.9% in the first 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 purchasing an additional 22,524 shares during the last quarter. Jane Street Group LLC grew its stake in 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 purchasing an additional 9,325 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Stantec during the 2nd quarter valued at approximately $361,000. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 180 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Stock Down 1.0%

Shares of Stantec stock opened at $73.50 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8.26 billion, a P/E ratio of 22.90 and a beta of 0.99. Stantec Inc. has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The business has a 50-day moving average price of $70.66 and a 200 day moving average price of $80.51.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. Stantec had a return on equity of 19.70% and a net margin of 5.91%.The firm had revenue of $1.25 billion for 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, sell-side analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 29th. Stantec’s dividend payout ratio is currently 21.50%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STN shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Scotiabank restated an “outperform” rating on shares of Stantec in a research note 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. Finally, Wall Street Zen downgraded shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and an average target price 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.