Stantec (NYSE:STN) Sets New 12-Month Low – Here’s What Happened

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $66.18 and last traded at $65.94, with a volume of 73527 shares. The stock had previously closed at $67.54.

Wall Street Analysts Forecast Growth

A number of research firms have commented on STN. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Stantec in a research report on Friday, August 14th. Weiss Ratings lowered Stantec from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Price Performance

The firm has a market capitalization of $7.60 billion, a PE ratio of 21.12 and a beta of 1.01. The company has a fifty day moving average price of $71.56 and a two-hundred day moving average price of $75.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54.

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, topping 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts forecast that Stantec Inc. will post 4.46 earnings per share for the current year.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a dividend of C$0.24 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. Stantec’s dividend payout ratio (DPR) is currently 21.81%.

Hedge Funds Weigh In On Stantec

A number of large investors have recently modified their holdings of STN. Wellington Altus USA Inc. purchased a new stake in Stantec during the second quarter worth about $26,000. Addison Advisors LLC acquired a new stake in Stantec during the second quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Stantec during the 2nd quarter valued at about $62,000. Farther Finance Advisors LLC raised its position in shares of Stantec by 67.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock worth $83,000 after buying an additional 500 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Stantec by 1,148.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,174 shares of the business services provider’s stock worth $111,000 after purchasing an additional 1,080 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Company Profile

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.