Bank of New York Mellon Corp Sells 16,713 Shares of Stantec Inc. $STN

Bank of New York Mellon Corp lowered its position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,982 shares of the business services provider’s stock after selling 16,713 shares during the quarter. Bank of New York Mellon Corp’s holdings in Stantec were worth $11,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Allworth Financial LP grew its holdings in Stantec by 223.9% in the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Stantec during the fourth quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in shares of Stantec in the 4th quarter worth approximately $57,000. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

Shares of STN opened at $70.58 on Friday. Stantec Inc. has a twelve month low of $66.26 and a twelve month high of $114.51. The company has a market capitalization of $7.93 billion, a P/E ratio of 22.62 and a beta of 1.00. The firm has a 50 day moving average of $70.80 and a 200 day moving average of $83.75. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities research analysts anticipate that Stantec Inc. will post 4.43 earnings per share for the current fiscal year.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 30th. Stantec’s dividend payout ratio (DPR) is currently 22.12%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings cut Stantec from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average price target 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.