Canada Pension Plan Investment Board Makes New Investment in Stantec Inc. $STN

Canada Pension Plan Investment Board bought a new stake in Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, Holdings Channel reports. The firm bought 1,147,215 shares of the business services provider’s stock, valued at approximately $79,047,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Stantec by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock worth $468,622,000 after purchasing an additional 92,641 shares during the period. Bank of Montreal Can raised its position in Stantec by 25.2% during the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after buying an additional 897,912 shares during the last quarter. Royal Bank of Canada raised its position in Stantec by 2.9% during the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after buying an additional 117,613 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Stantec by 19.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after acquiring an additional 557,434 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after acquiring an additional 1,558,703 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Stock Up 2.8%

STN stock opened at $75.58 on Thursday. The company has a market cap of $8.50 billion, a P/E ratio of 23.55 and a beta of 0.99. Stantec Inc. has a 52 week low of $66.26 and a 52 week high of $114.51. The company’s 50-day moving average price is $70.78 and its 200 day moving average price is $80.34. 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 posted its earnings results on Wednesday, August 12th. The business services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Stantec had a return on equity of 19.70% and a net margin of 5.91%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, research analysts expect that Stantec Inc. will post 4.46 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 29th. Stantec’s dividend payout ratio is 21.50%.

Analyst Ratings Changes

STN has been the topic of several analyst reports. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a 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 reaffirmed an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Finally, Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Stantec currently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

About Stantec

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.