Stantec (NYSE:STN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Stantec (NYSE:STN) (TSE:STN) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on STN. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Weiss Ratings raised shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Trading Down 1.0%

Shares of NYSE STN opened at $68.57 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.69 billion, a PE ratio of 16.73 and a beta of 1.01. Stantec has a twelve month low of $65.35 and a twelve month high of $114.51. The stock has a fifty day simple moving average of $70.91 and a 200-day simple moving average of $74.82.

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 business 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, equities analysts forecast that Stantec will post 4.42 earnings per share for the current year.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a dividend of C$0.24 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, September 29th. Stantec’s dividend payout ratio is 22.12%.

Institutional Investors Weigh In On Stantec

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Altus USA Inc. purchased a new stake in Stantec during the 2nd quarter worth $26,000. Fortitude Family Office LLC acquired a new position in Stantec in the 3rd quarter worth $32,000. Addison Advisors LLC purchased a new position in Stantec in the 2nd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in Stantec in the 2nd quarter valued at about $62,000. Finally, Farther Finance Advisors LLC boosted its position in Stantec by 67.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock valued at $83,000 after buying an additional 500 shares during the last quarter. 63.86% of the stock is currently 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 in areas including buildings, transportation, water, energy, and environmental services.

The company serves public- and private-sector clients across North America and in selected international markets. Its multidisciplinary teams help clients plan, design, manage, and deliver projects ranging from transportation networks and water systems to community developments, industrial facilities, and buildings.

Stantec was founded in 1954 in Edmonton, Alberta, by Dr.